Chinese Drywall Manufacturer, U.S. Home Builder Settle Over Florida Homes

ATLANTA - (Mealey's) A key Chinese drywall manufacturer and a major U.S. home builder confirmed on May 18 that they have reached agreement on compensation for repairs the builder made to a number of homes it constructed in South Florida. Don Hayden of Baker & McKenzie in Miami, counsel for...

Chinese Drywall Manufacturer Agrees To Remediate Homes Affected By Defective Product

NEW ORLEANS -- (Mealey's) The Plaintiffs' Steering Committee (PSC) in the Chinese Drywall multidistrict litigation and defendant Knauf Plasterboard Tianjin (KPT) on Oct. 14 announced a settlement to remediate up to 300 homes in Alabama, Mississippi, Louisiana and Florida impacted by KPT's...

Preliminary $55M Settlement Reached With Florida Homeowners In Chinese Drywall Action

NEW ORLEANS - (Mealey's) Parties in MDL 2047 announced June 14 that a preliminary $55 million settlement has been reached between Florida-based drywall suppliers, their insurers and a proposed class of homeowners whose properties were damaged by tainted Chinese drywall ( In re: Chinese-Manufactured...

Florida Firm OKs $55 Million Chinese Drywall Settlement

NEW ORLEANS - (AP) A Miami-based supplier of tainted Chinese drywall agreed in a court filing Tuesday to a $55 million settlement of claims that the corrosive product damaged homes, all or nearly all of them in Florida. The proposed settlement, which requires approval from U.S. District Judge Eldon Fallon...