First Chinese drywall trial: Jury awards Florida couple $2.4 million in damages
First Chinese drywall trial: Jury awards Florida couple $2.4 million in damages
First Chinese drywall trial: Jury awards Florida couple $2.4 million in damages
The drywall was installed in the home that the article references, as being located in Coconut Grove. The attorney for the couple that purchased the home told the jury this week that there was indeed adequate time to stop installing the drywall, and to halt the process. The bottom line is that the drywall did end up in the home.
Class-action status is significant legally, in that plaintiffs (those who suffered harm) can benefit by being considered a “class” or a group rather than having to file a lawsuit for each home affected. This “class-action” status obviously alleviates administrative burdens on the court system as well.
In a recent development regarding the Chinese drywall trials (and the issue as a whole for that matter ) a Chinese manufacturer has settled its first suit – Knauf Plasterboard Tianjin Co. settled just days ago, on Friday. Read the source article, from CBS, here.
Winknews.com recently ran an interesting story: Investors breaking into Cape Coral foreclosed homes. The first time you hear of this you may be taken aback. Cape Coral police have their hands full when it comes to dealing with this “Chinese drywall related” crime. The way the crime works is simple: real estate investors are paying [...]
Believe it or not, a bill meant to help Chinese drywall victims is being backed by the Homebuilders Association of Florida. This has surprised many people, and for good reason – builders are often times seen as those who are somewhat responsible for this problem. Last Thursday, the legislation passed the Insurance, Business and Financial [...]
The state of Florida has been hit hard by Chinese drywall. For this reason, state legislatures are looking at all their options in terms of providing help to homeowners. Lawmakers are in the process of considering all repair options. At this time, there is no “approved and formal” method for getting rid of Chinese drywall. [...]
By now, you may have heard that FEMA has rejected Florida’s request for Chinese drywall help. As you can imagine, this does not bode well for other states that were hoping to get some sort of relief from the agency.
A recent article, published by Wink News, highlights the unique dilemmas and offshoot problems many families are facing, in light of the Chinese drywall issue. When Chinese drywall is found to exist in a home, the issues that arise sometimes go much deeper than finding a new place to reside (as if that were not [...]
Emergency money for homeowners with Chinese drywall is closer than ever before – at least in the state of Florida. Governor Charlie Crist is doing what he can to push FEMA into providing money for those who have been affected by tainted drywall.