Chinese Drywall Maker Settles with US Home Builder

In a major development, Knauf Plasterboard Tianjin Ltd. Co. has agreed to resolve claims with Beazer Homes of Atlanta. While the Sarasota Herald Tribune hinted at the settlement yesterday, the Wall St. Journal announced the deal a few minutes ago. This is viewed as a major development in the ongoing litigation based in federal court in Louisiana under Judge Eldon E. Fallon.
On April 27th, Judge Fallon ruled that Knauf had to pay a Louisiana couple $164,000 in remediation damages not including attorneys’ fees and court costs. In another case, Judge Fallon ruled last month that Knauf owed 7 Virginia homeowners a combined $2.6 million.