LexisNexis® Legal Newsroom
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...