ORLEANS - (Mealey's) The Plaintiffs'
Steering Committee (PSC) in the Chinese Drywall multidistrict litigation and
defendant Knauf Plasterboard Tianjin (KPT) today announced a settlement to
remediate up to 300 homes in Alabama, Mississippi, Louisiana and Florida impacted
by KPT's defective drywall (In re: Chinese-Manufactured Drywall
Products Liability Litigation, No. 2:09md02047, E.D. La.).
agreement, detailed in a press release from the PSC, establishes a
demonstration remediation program, funded by KPT and a number of builders,
drywall suppliers and their insurers.
demonstration program, involving the remediation of homes containing all or
substantially all KPT drywall, will reportedly include removal of the drywall;
replacement of all electrical wiring, including switches and receptacles;
replacement of fire safety and home security equipment; replacement of fixtures
damaged by the problem drywall; restoration of the home to the same
construction quality and finishes that existed prior to the start of the
remediation work; compensation to the homeowner for alternative living costs
during the remediation, moving and storage and personal property damage; the
reservation of rights for bodily injury; and attorney fees and expenses to be
negotiated by the PSC and KPT and to be paid by KPT.
the agreement, KPT will retain and supervise contractors to do the work. The
completed homes will be inspected by environmental engineers, who will certify
to the homeowner that their home is free of problem drywall odors and
[Editor's Note: Full
coverage will be in the November issue of Mealey'sTM Litigation Report: Construction Defects. For all of your
legal news needs, please visit www.lexisnexis.com/mealeys.]
Download the settlement agreement.
For more information, call
editor Chris Bauer at 610-205-1171, or e-mail him at Christopher.Bauer@lexisnexis.com.
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