More Than 200 Homes Will Be Included in Expanded Settlement
NEW ORLEANS (November 16, 2011) – Baron and Budd made an announcement today on behalf on the Plaintiffs’ Steering Committee for Chinese Drywall litigation. Baron & Budd announced a new settlement program for homeowners struggling with defective Chinese drywall which will expand the KNAUF Plasterboard Tianjin (KPT) demonstration remediation program, and could result in the remediation of close to 1500 homes.
The settlement was a collaborative effort between the PSC and KPT.
Chinese Drywall was imported into the U.S. between 2001 and 2006 after a housing boom resulted in a shortage of building materials. The defective drywall has been linked to serious property issues, such as corrosion of metal components and appliances, and even health issues, including headaches, bloody noses and difficulty breathing. States of particular concern include Florida, Louisiana, Mississippi, Alabama, Texas, Nevada, California, Virginia and South Carolina.