Condo Owners Seek OK On $10M Chinese Drywall Deal

Law360, Chicago (January 30, 2013, 4:25 PM EST) -- The owners of units in a West Palm Beach condominium on Wednesday asked the Louisiana federal court handling multidistrict litigation over allegedly defective Chinese drywall to approve their $10 million settlement with construction and insurance companies.

USO Norge Whitney LLC, which owns 141 of the Whitney Condominium's units, and The Whitney Condominium Association Inc., representing the interests of those who own the building's remaining 69 units, said in a filing that the deal they inked in a Florida state court action is contingent on the federal...
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