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...
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