La. Homeowners Get Paid In 2nd Chinese Drywall Ruling

Law360, New York (April 28, 2010, 3:37 PM EDT) -- A federal judge has ruled that Knauf Plasterboard Tianjin Co. Ltd., a German-owned supplier of building materials that has factories in China, must pay a Louisiana family about $164,000 to repair their home because it was built with defective drywall from Knauf's Chinese operations.

The ruling was issued Tuesday after a bench trial before Judge Eldon Fallon of the U.S. District Court for the Eastern District of Louisiana. It is the second victory for homeowners in multidistrict litigation over faulty Chinese drywall. Earlier in April, another...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.