At a hearing earlier this week, U.S. District Judge Eldon Fallon said that a program to fix up to 300 homes in Alabama, Louisiana, Florida and Mississippi with tainted Chinese drywall manufactured by Knauf Plasterboard appears to be on the right track. If successful, the program may be extended to other plaintiffs with the defective [...]
The Internal Revenue Service said that it would permit taxpayers with defective drywall in their homes to deduct the repair and replacement of damaged appliances. This tax break is the first significant response from the federal government to provide financial help to the thousands of homeowners nationwide struggling with the defective drywall. While this ruling [...]
Lowe’s Home Centers, Inc., has entered into a tentative settlement in a class action suit filed in Georgia state court that has attorneys representing individual claimants in defective Chinese drywall cases up in arms. Under the terms of the settlement, any homeowner who bought tainted drywall from Lowe’s would receive a gift card valued up [...]
Homeowners with tainted Chinese drywall have yet another concern to contend with: purported drywall remediators who are not licensed contractors and, in some cases, have criminal records for consumer fraud. A recent report by the Palm Beach Post found that, of 47 Florida drywall remediation and inspection companies it identified, 26 were created since January [...]
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