Parties Seek Preliminary Approval Of $4.8 Million Defective Drywall Settlement

Parties Seek Preliminary Approval Of $4.8 Million Defective Drywall Settlement

NEW ORLEANS - A group of Florida condo owners and a real estate developer filed a joint motion in a Louisiana federal court on May 14, seeking preliminary approval of a $4.8 million settlement to fund remediation costs of units affected by defective drywall (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.).  Subscribers may view the joint motion available within the full update.

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