Drywall Claims Should Be Handled In Ch. 11: Tousa

Law360, New York (September 22, 2009, 2:13 PM EDT) -- Bankrupt homebuilder Tousa Inc. has asked a bankruptcy court not to let homebuyers go ahead with their state court suits against the company over its use of allegedly defective Chinese drywall, saying all such plans need to be addressed as part of a Chapter 11 plan.

In an objection filed Sept. 21 in the U.S. Bankruptcy Court for the Southern District of Florida, Tousa asked the court to deny motions by two groups of homebuyers to lift the automatic stay in Tousa's bankruptcy so they can...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.