Chinese Drywall Makers Shell Out $248M To Settle MDL

Law360 (August 20, 2019, 1:49 PM EDT) -- Homeowners and Chinese companies embroiled in litigation over allegedly defective drywall have reached a $248 million settlement to resolve the dispute, according to a filing in Louisiana federal court Tuesday.

Taishan Gypsum Co. has reached a deal to end homeowners’ claims against the manufacturer and other Chinese companies over allegedly defective drywall. Above, a Louisiana home that was inspected for sulfur-emitting Chinese drywall is shown in 2009. (AP)

The class of homeowners and Taishan Gypsum Co. Ltd., which formerly conducted business as Shandong Taihe Dongxin Co. Ltd. and Taian Taishan Plasterboard Co. Ltd., told the court they have reached a deal...

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