Chinese Drywall Maker To Fix 300 Homes

Associated Press ABC26 News

October 13, 2010

NEW ORLEANS—

A person with knowledge of the deal says a Chinese drywall manufacturer facing thousands of homeowners' court claims has agreed to pay to repair 300 homes in four states in a pilot program.

The person told The Associated Press Wednesday that Knauf Plasterboard Tianjin Co. will select which homes in Florida,

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Louisiana, Alabama and Mississippi will be fixed. The person spoke on condition of anonymity because the person wasn't authorized to disclose the terms.

Thousands have sued over damage from Chinese drywall installed in homes that has caused problems ranging from a foul odor to corrosion of pipes and wiring.

Attorneys were expected to announce the deal Thursday.

The pilot program could pave the way for a larger settlement of more than 3,000 claims against Knauf.

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