Parties Seek Preliminary Approval Of $80 Million Defective Drywall Settlement

Parties Seek Preliminary Approval Of $80 Million Defective Drywall Settlement

NEW ORLEANS - Parties in a massive litigation in Louisiana federal court involving buildings with allegedly defective Chinese drywall announced May 18 that a preliminary settlement agreement has been reached between the plaintiffs and hundreds of builders, installers, suppliers and their insurers (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.).  Subscribers may view the settlement agreement available within the full update.

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