Chinese Drywall Settlement Approved

Lawyers say a federal judge approved five settlements in class-action Chinese drywall lawsuits.

They say the lawsuits call for manufacturers to pay more than $1 billion to repair homes.

The settlements will benefit more than 10,000 property owners.

Most of the money to be paid out will come from Knauf Plasterboard.

It’s estimated between 12,000 and 20,000 homes and businesses were built with defective drywall between 2005 and 2008.

The toxic drywall was mostly used in Louisiana, Florida, Alabama, Mississippi, Texas and Virginia.

2 comments

  • Gilbert

    It is so very sad… that in the greatest country on planet earth. These manufacturers of chinese drywall have dragged it out for U.S. tax paying citizens. It is very sad indeed. Even animals have rights in this great country. Delaying the process and causing financial hardship for tax paying citizens. Causing mental anguish to US citizens. As if the USA was a third world country. Sending poison to our country and trying to not be liable. First it was the dog treats. Then toys in fast food chains.
    China is killing us without bombs or bullets. Where is the FDA and even the consumer protection agency stated that the wiring in the homes did not need to be removed. It is criminal and inhumane what this chinese drywall has done to honest,hard working people and their families. It is just not right. Not correct in this day and age of such great technology.

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