$248 million settlement reached with Chinese drywall maker

[Eugene]

Source: Associated Press

NEW ORLEANS (AP) — A proposed $248 million settlement has been filed in a decade-old federal court case over defective Chinese drywall blamed for damaging home appliances and sickening residents.

The proposed settlement between property owners and Taishan Gypsum Co. was filed in U.S. District Court in New Orleans on Tuesday. It comes nearly eight years after a major settlement in another case involving a different Chinese company, Knauf Plasterboard Tianjin Co., and in the wake of other settlements with various homebuilders, equipment suppliers and installers who used the material.

All of the litigation arose from the use of defective drywall in thousands of homes between about 2005 and 2008. The product was alleged to have given off sulfur fumes that corroded metal in appliances, air conditioning equipment, wiring and plumbing fixtures. In some cases the fumes were blamed for illnesses.

A committee of attorneys for the property owners in the Taishan case said in a news release that most of the residences involved were in Florida, Louisiana, Alabama, Mississippi and Virginia.

-snip-

By KEVIN McGILL
today


Read more: https://apnews.com/3430d8261de94741b1c3f61ef2c45fc7

[catrose]

1. I remember asking where my drywall was coming from and specifying NOT CHINA

[Roy Rolling]

2. A gigantic problem after Katrina

The hot and humid climate produced another disaster for residents who were flooded out. They had to gut their homes again because the fumes from defective drywall were making them sick and corroding exposed metal in the house.

[Sherman A1]

3. Seems pretty low to me

Should have been 10 times that number.

[3Hotdogs]

4. But will they be able to collect?