Thousands of homeowners in southern states will be reviewing a proposed settlement with the major manufacturer involved in defective Chinese drywall litigation. The deal would pay for repairs and possibly medical expenses if the product made people sick.
The deal involves 4,500 property owners and Knauf Plasterboard. The company will pay for repairs and medical losses. Drywall imported from China from 2004 to 2007 eased demand from the housing boom and hurricane repairs.