Chinese Drywall Lawsuit Settled for $5M
A Chinese drywall lawsuit was settled for $4.8 million by Florida real estate developer RCR Holdings II LLC after condominium owners claimed the dry wall caused them to experience health problems and property damage.
The Villa Largo homeowners claim that after moving into the condos, they found that the wiring and the pipes were corroded and some of their electronics were failing. They also allege that they suffered symptoms of nerve sensory inflammation, according to Law360 (subscription required). The plaintiffs further say that through testing and probing, they found that the Chinese drywall gives off a number of sulfur compounds infamous for causing the same issues they experienced.
If the proposed settlement is approved by a U.S. district judge, all of the claims against RCR in more than 10,000 Chinese drywall lawsuits will be settled.
If you or a loved one has experienced health problems or property damage from Chinese drywall or another dangerous product, contact Sokolove Law for a free legal consultation and to find out if a product liability lawyer may be able to help you. Call us today at (800)-561-7154.