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CHINESE DRYWALL SETTLEMENT
A recent settlement has been reached with Knauf Plasterboard Tianjin Co., Ltd. (KPT) in the national Chinese Drywall Litigation. As part of the settlement, KPT has agreed to remediate approximately 300 homes in a four-state area including Louisiana, Florida, Alabama, and Mississippi.
The remediation of homes is part of a pilot program which will follow a protocol set forth by United States District Court Judge Eldon Fallon. The program will begin with the immediate remediation of about 30 homes. These homes will be gutted, and all of the defective drywall will be removed. In addition, various components of the house will be replaced including the wiring and air-conditioning systems. Remediation of the remainder of the 300 homes is expected to begin by the start of the New Year.
In addition to remediation of the selected houses, KPT will reimburse homeowners for living expenses while they are out of their homes as well as for various other expenses incurred by the homeowners.
The law firm of Martzell and Bickford represents several clients who will have their homes fixed as part of the pilot program. For more information about the current settlement or about the Chinese Drywall litigation, contact one of our attorneys at the Law Office of Martzell and Bickford: (504) 581-9065.
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