US District Judge Fallon says pilot program to fix 300 homes in Florida, Louisiana, Alabama, and Mississippi built with defective Chinese drywall. The manufacturer of the drywall Knauf Plasterboard Tianjin Co., has already inspected and chosen 80 homes to be repaired.
Banner Supply Co., a supplier of defective Chinese drywall, has recently agreed to settle part of a class action lawsuit brought by 79 South Florida homeowners in the Keys Gate subdivision in Homestead.
Chinese drywall manufacturer Knauf Plasterboard Tianjin settlement: Knauf will repair up to 300 homes in the states of Florida, Alabama, Louisiana, and Mississippi.
The Internal Revenue Service (IRS) has announced that it would give victims of defective Chinese drywall a tax break by allowing them to claim their homes as a “casualty loss.” According to the NY-Times, this will allow homeowners to make a deduction for the cost of repairs and damaged appliances.
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 [...]
