U.S. District Judge Eldon Fallon approved five class-action settlements that call for a Chinese drywall manufacturer and others to pay hundreds of millions of dollars to repair homes damaged by the product, attorneys for thousands of Gulf Coast property owners. Fallon's order certified settlements for Interior/Exterior Building Supply, LP; Banner; L&W Supply Corp.; Knauf and Global participating builders, suppliers and installers. The product was used in the construction of 12,000 to 20,000 homes and businesses after a series of destructive hurricanes in 2005 and before the housing bubble burst. The problems it has caused range from a foul odor to corrosion of pipes and wiring. For more information about the current Chinese Drywall Settlement, contact Spencer Doody at the Law Office of Martzell, Bickford & Centola: (877) 722-9828.
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