Chinese Drywall Claimants Challenge WCI Ch. 11 Plan

Law360, New York (July 15, 2009, 12:00 AM EDT) -- Adding to the list of parties challenging WCI Communities Inc.'s latest reorganization plan, a group of Chinese drywall claimants is arguing that the real estate developer failed to adequately describe the risks a new WCI might face from homeowners filing claims over the defective building material.

In an objection filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, 36 individuals, collectively known as the Chinese drywall claimants, took issue with the “cursory description” of WCI's potential drywall liabilities.

Even if the reorganization plan...
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