Drywall settlement doesn't include state claims
ST. TAMMANY PARISH, LA — The Chinese drywall settlement announced this past Thursday does not cover separate claims that were made by the state, according to the St. Tammany Slidell Sentry.
Louisiana Attorney General Buddy Caldwell plans to actively pursue and hold German company Knauf accountable for its bad faith efforts, including failure to notify consumers of the defective drywall, the article stated.
According to the article, preliminary settlements with drywall suppliers Interior/Exterior Building Supply Ltd. and Banner Supply Company — two of the main distributors of Knauf drywall — have been approved with hearings set for early February.
"Our investigation has shown that the bulk of Chinese drywall entering Louisiana was manufactured by the Knauf entities, whose parent companies are based in Germany," said Caldwell.
"The state''s lawsuit seeks penalties and recovery for damages, losses, and injuries. As part of the discovery process, our attorneys have participated in depositions in New Orleans, New York, Frankfurt, London and Hong Kong," Caldwell added.
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