The Gypsum Files

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Posts Tagged ‘class action settlement

Chinese drywall manufacturer skips court hearing

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As many as 20,000 property owners in Louisiana, Florida, Alabama, Mississippi, Texas and Virginia installed the toxic drywall during frenzied building after Hurricanes Katrina and Rita and a nation-wide housing boom.

Homeowners complained of foul odors, damage to appliances, health issues such as skin irritation and breathing problems and blackening of copper and silver they say is connected to the product.

Knauf Plasterboard Tianjin settled with 4,500 property owners, mostly from the Gulf Coast, for damages reaching $1 billion, including an estimated $280 million to $350 million for Louisiana residents.

Taishan Gypsum has resisted the authority of U.S. courts, arguing the judicial system has no authority over the foreign company. Last month, the firm refused to show up for a hearing in U.S. District Judge Eldon Fallon’s New Orleans courtroom after a judgment against the company was made final.

via Maker of defective Chinese drywall Taishan skips out on court hearing, leaving homeowners waiting | NOLA.com.

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Lowe’s Amends Settlement to Get Drywall Victims More Money – ProPublica

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Lowe’s Companies Inc. has dramatically increased the amount of money [1] it is prepared to offer customers whose health or homes were harmed by defective drywall they bought from its stores. Those customers are now eligible for up to $100,000 in cash, instead of the maximum $4,500 in cash and gift cards that was previously agreed upon in a class action lawsuit that is being negotiated in a Georgia state court.

via Lowe’s Amends Settlement to Get Drywall Victims More Money – ProPublica.

Written by Elizabeth McCullough

October 29, 2010 at 1:53 pm

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