Chinese Drywall Supplier, Beazer Homes Settle

Law360, New York (May 17, 2010, 1:57 PM EDT) -- Chinese drywall manufacturer Knauf Plasterboard Tianjin Co. Ltd. said Monday it had reached a settlement with Beazer Homes to repair houses the homebuilder constructed in Florida using Knauf drywall.

Don Hayden, principal with Baker & McKenzie LLP representing KPT, said Monday that more details would be forthcoming. The settlement has not been finalized, the company said.

“KPT has been in discussions with builders in recent weeks seeking a reasonable solution to repair homes built with KPT drywall,” Hayden said in a statement.

“The settlement with Beazer...
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