Knauf Plasterboard Tianjin Co. has set up two funds to pay property owners and injury victims for the damage and harm suffered from defective drywall. Most of the products liability claimants are in Florida, Mississippi, Louisiana, and Alabama.
One fund is uncapped and the money from here will go towards paying the owners of about 4,500 properties for damages sustained by their homes. The other fund, which is capped at $30 million, will pay for other kinds of losses, including the health issues people say they suffered.
The Chinese drywall was used to build thousands of homes after the hurricanes of 2005 and prior to the housing bubble popping. While there is no scientific evidence linking the drywall to certain physical side effects, people that have been exposed to Chinese drywall report similar symptoms, including congestion, nosebleeds, asthma attacks, acne, coughing, headaches, hair loss, hives, muscle and joint pain, irritated eyes, nausea, phlegm, miscarriages, rashes, shortness of breath, sneezing, sore throat, breathing problems, and urinary tract infections. Kids and the elderly appear more prone to experiencing side effects after they’ve been exposed to Chinese drywall.
Knauf Plasterboard has admitted that the drywall that it makes includes low levels of sulfur gas. However, the company has said that its product is not hazardous.
If you believe that a defective product caused your health issues or injuries, you may have grounds for filing a Florida products liability lawsuit against a negligent manufacturer.
Chinese drywall settlement could be worth up to $1 billion, Sun-Sentinel, December 15, 2011
Chinese Drywall Saga: End in Sight?, Wall Street Journal, December 16, 2011
More Blog Posts:
Florida Products Liability: Palm Beach County Burn Injury Lawsuit Seeks Damages From Napa Home and Garden Over Dangerous Gel Fuel, South Florida Injury Lawyer Blog, August 16, 2011
Baby Deaths and Injuries Prompt Recalls of 1.7 Million Summer Infant Video Baby Monitors and 500,000 Bassinets by Burlington Basket Company, February 16, 2011
19 Products Liability Lawsuits Filed in Palm Beach County Against ConAgra Foods After Plaintiffs Over Salmonella Outbreak From Tainted Peanut Butter, South Florida Injury Lawyer Blog, July 7, 2008 Continue reading