Testimony gets emotional in Chinese drywall trial
Virginia homeowners, whom are plaintiffs in the case, explained in court that they believe Chinese drywall ruined their finances, homes, and dreams.
Virginia homeowners, whom are plaintiffs in the case, explained in court that they believe Chinese drywall ruined their finances, homes, and dreams.
The remediation trial currently underway in U.S. District Court – with Judge Eldon Fallon presiding – has produced some noteworthy and interesting testimony: the best way to cure a home contaminated with defective Chinese drywall may be to “gut” it. – read on for an elaboration of what exactly “gutting a home” entails.
One South Florida construction company has had to file bankruptcy due to Chinese drywall driven problems. South Kendall Construction Corp. was doing well during the housing boom ($4.8 million gross income in 2008), but everything came down on them soon enough. Many homeowners began to notice signs of Chinese drywall, and as you can imagine, [...]
This week, a federal judge heard testimony from a group of Virginia homeowners who feel that Chinese drywall is responsible for ruining their home and costing them thousands of dollars. As a group, they are seeking more than $2.5 million in damages.
Judge Eldon Fallon is in charge of the case, and he did not make [...]
There is no escaping the Chinese drywall news stories that make their way online, day after day. It would be nice if they would go away, but this will not happen until a final solution is found – and unfortunately, that is not on the horizon.
To keep up with the latest on Chinese drywall take [...]
Not just consumers are closely keeping tabs, however. Manufacturers, construction businesses, and insurance companies are also interested in the results. The focal point of the initial trial is not intended to be one of finding fault necessarily; rather, it is expected to establish and inquire the amount of money needed to fix homes. “Gutting” the homes is what some agencies have suggested.
Seven families from Virginia are represented, and are asking for compensating for the costs/damages they have incurred for fixing problems they allege the defective drywall has caused.
In many parts of Florida, homeowners have gone through the difficult task of realizing that their home was constructed with Chinese drywall. It starts with the odor coming from the walls, and is usually quickly followed by the etching of metal and copper and the failure of appliances. Along with all this, health problems, such [...]
Inez Tenenbaum is the head of the Consumer Product Safety Commission (CPSC). Despite her small physical presence, Tenenbaum is not a pushover in any sense of the word. President Obama trusts her to oversee a renewal of the agency – an agency of utmost importance during this Chinese drywall crisis period. The CPSC, a federal agency, has had to deal with an influx of consumer issues in the previous decade – especially from China.
The Chinese drywall crisis has forced families across the country to move out of their homes, obtain second mortgages, and spend large amounts of money in investigation costs, among other things.