Condo Owners' $15M Award Over Faulty Stucco Reversed

Law360, New York (January 8, 2014, 5:42 PM EST) -- A South Carolina appeals court overturned on Wednesday a county circuit court's decision to grant to homeowners at the Twelve Oaks at Fenwick Property Owners Association Inc. about $15 million, the claimed cost to repair contractors' faulty construction that allegedly caused water to infiltrate the owners' condominiums.

Lead plaintiffs Mark and Nan Teseniar filed the lawsuit in Charleston County court on behalf of the condo residents of the converted rental building for construction defects. Most defendants in the case had settled with the Teseniars, with exception...
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