Good News For Homeowners With Chinese Drywall
If your property was built with Chinese drywall, there may be some help coming your way!
The company that manufactured the drywall, Knauf Plasterboard Tianjin, has agreed to pay hundreds of millions of dollars to resolve court claims by thousands of Gulf-coast property owners. The property owners contend that the Chinese drywall has ruined their homes and caused various illnesses.
The deal with Knauf has been given preliminary approval by federal judge Eldon Fallon of the U.S. District Court who said the possible settlement seemed "fair, reasonable and adequate". Under the proposal, Knauf has agreed to create an uncapped fund to pay for repairing approximately 4,500 properties in Florida and other southeastern states where the defective drywall was sold and installed.
Sounds good to me!
The company that manufactured the drywall, Knauf Plasterboard Tianjin, has agreed to pay hundreds of millions of dollars to resolve court claims by thousands of Gulf-coast property owners. The property owners contend that the Chinese drywall has ruined their homes and caused various illnesses.
The deal with Knauf has been given preliminary approval by federal judge Eldon Fallon of the U.S. District Court who said the possible settlement seemed "fair, reasonable and adequate". Under the proposal, Knauf has agreed to create an uncapped fund to pay for repairing approximately 4,500 properties in Florida and other southeastern states where the defective drywall was sold and installed.
Sounds good to me!
-30-
posted by Terry Ward at 6:23 AM
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