Judge Approves Proposed Settlement on Problem Drywall from China
On January 10, 2012, a Federal Judge preliminarily approved a proposed deal to settle a lawsuit filed by Florida and other Gulf Coast residents against a Chinese manufacturer who supplied drywall manufactured in 2005-2006 which residents allege caused health and metal corrosion problems in their homes. According to press reports, Knauf Plasterboard Tianjin Company has agreed to an uncapped fund to pay for repairing the damaged homes and a fund capped at $30 million to pay for other losses such as those arising from health problems.
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(See ITT's Online Archives 11120724 for summary of CPSC testimony on its drywall studies which states that since November 2011, the voluntary ASTM C1264 gypsum board standard has had labeling requirements to identify the manufacturer, facility and production line, date and time of manufacture, and country of origin on each sheet of finished gypsum.)
These and other details available on www.chinesedrywall.com