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More details have emerged regarding the Chinese drywall settlement that was announced yesterday. The settlement, which involves Knauf Plasterboard Tianjin Co., sets up a pilot program in which Knauf and other named defendants will pay to remediate 300 homes in Florida, Mississippi, Alabama and Louisiana.
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Remediation Program Detailed
Chinese Drywall Settlement Remediation Program Detailed
October 15th, 2010 by United States District Court For The Eastern District Of Louisiana
Click here to view the Chinese Drywall Demonstration Remediation Agreement
Chinese Drywall Settlement Praised
The Chinese drywall settlement announced last week by the judge overseeing the consolidated federal litigation in New Orleans is garnering praise from some Louisiana politicians. The Chinese drywall settlement sets up a demonstration remediation program by which Knauf Plasterboard Tianjin Co. and various other builders and suppliers will pay to remediate 300 homes in Louisiana, Florida, Mississippi and Alabama. Hopes are high that the demonstration program will eventually lead to a larger settlement of Knauf drywall claims.
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