$54.5 Million Chinese drywall settlement in Florida
A Chinese drywall class-action lawsuit was settled for $54.5 million, which will cover the remediation of 2,000 to 3,000 homes in Florida. The lawsuit was settled with Miami based Banner Supply Co.
A Chinese drywall class-action lawsuit was settled for $54.5 million, which will cover the remediation of 2,000 to 3,000 homes in Florida. The lawsuit was settled with Miami based Banner Supply Co.
Two of Interior/Exterior Building Supply’s insurers, Arch Insurance Co. and Liberty Mutual Fire Insurance Co., will allow up to $8 million of their insurance policies to compensate homeowners with defective Chinese drywall.
Lauderhill, Florida woman whose Chinese drywall home was part of the Knauf pilot program, moves back into her home after remediation is complete.
After scientific testing, the CPSC and HUD have announced that the exposure of electrical wiring to the corrosive gases found in defective Chinese drywall do not pose a safety risk. For that reason, the CPSC’s remediation guidelines have been revised to state that they no longer recommend the complete removal and replacement of electrical wiring.
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.
According to an article published on ProPublica entitled “China Plays Tug-of-War with U.S. Inspectors over Drywall,” the United States’ investigation of defective Chinese drywall has been an everlasting “tug-of-war” battle between US investigators and the Chinese manufacturers and their government. It has even gone as far as a Chinese official attempting to force a piece of the drywall from an American inspector’s grasp.
An estimated 170 homes, built by Habitat for Humanity in New Orleans for Hurricane Katrina victims, contain defective Chinese drywall. These homes will be gutted and rebuilt for each resident.
Chinese drywall – Once all the potentially affected components have been removed and the house has been aired out and cleansed, the property is subject to certification. An engineering company must certify the home is habitable.
A Chinese drywall ruling was made on Thursday, April 8, by U.S. District Judge Eldon E. Fallon in New Orleans, awarding seven Virginia homeowners $2.6 million in damages.
The seven Virginia homeowners were chosen as representatives of homes affected by the toxic Chinese drywall across the country- one Virginia Beach family, two in Newport News, and four in Williamsburg.