Impact of Chinese drywall settlement unclear for those in South F
"The settlement amount is obscene," said Boca Raton attorney Allison Grant, who has a number of clients with defective Chinese drywall. But she pointed out that there are many unknowns in the settlement, such as whether the builder can still make claims against others in the drywall supply chain or how many Beazer homes contain KPT drywall.
An earlier judgment against a different drywall manufacturer, Taishan Gypsum Co., awarded seven Virginia homeowners $2.6 million. That's Rolex Datejust an average of more than $372,000 per house.
Beazer said about 50 affected homes have been identified in those two communities; it is unclear how many contain KPT wallboard. An attorney for Beazer said Tuesday that KPT drywall has "only been found in a handful."
"This means that Knauf is eager to settle and has financial wherewithal," Grant said. "This sends the message to homeowners that these cases are moving in the right Rolex Daytona Platinum Diamond
On Tuesday, KPT announced that Atlanta based Beazer Homes USA had accepted the lump sum for its properties with KPT drywall that have been, or are being, repaired.
Last month, Fallon awarded $164,000 to a Louisiana homeowner with defective KPT drywall.
Beazer has said that it has found defective Chinese drywall in two of its Southwest Florida developments, Magnolia Lakes and Hampton Lakes. In its most recent quarterly report, Platinum Rolex Daytona
Edward Sherman, a Tulane University law professor who is an expert in complex litigation and product liability law, said it may be advantageous for builders to accept less money in a settlement because they would get the money upfront.
Beazer has been repairing homes following a protocol set by federal Judge Eldon Fallon in New Orleans, who is hearing defective drywall cases consolidated from across Cheap Ladies Rolex Watches Uk
Grant said the fact that KPT is interested in settling is a positive thing.
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