SARASOTA, FL — A last-minute settlement was reached Friday between a major Chinese drywall maker and lawyers for the owners of two Louisiana homes in what was to be the third precedent-setting federal trial on the issue, according to the Herald-Tribune.
The settlement marks yet another win for consumers fighting with the tainted drywall''s manufacturers, and came the same day as a jury in Miami awarded about $2.5 million to a Florida couple who fled their dream home because of the material, the article noted.
In settling the federal case in New Orleans, Knauf Plasterboard
agreed to comprehensive repairs of the two Louisiana homes: Ripping out all the drywall, along with the entire electrical system and other components, the article stated.
According to the article, Kerry Miller, Knauf''s attorney, told the Herald-Tribune that the Chinese manufacturer still believes the scope of repairs mandated by Fallon goes beyond what is needed. Knauf plans to study the components removed from the two Louisiana structures to try to prove that.