| Published: | Nov 13, 2012 4:11 PM EST |
| Updated: | Nov 13, 2012 4:11 PM EST |
NEW ORLEANS (AP) - Attorneys for thousands of Gulf Coast property owners have urged a federal judge to give his final approval to a proposed class-action settlement that calls for a Chinese drywall manufacturer to pay hundreds of millions of dollars to repair homes damaged by their product.
U.S. District Judge Eldon Fallon in New Orleans is holding a hearing Tuesday to help him judge the fairness of five separate but related settlement agreements between plaintiffs' lawyers and companies that made, supplied or installed Chinese drywall.
Plaintiffs' attorney Arnold Levin said the settlements are worth an estimated $1.1 billion. Most of that would be paid by Chinese drywall manufacturer Knauf Plasterboard Tianjin Co.
Knauf agreed to create an uncapped fund to pay for repairing roughly 5,200 properties, mostly in Florida, Louisiana, Mississippi and Alabama.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Related Articles
- Deputies find body at scene of Pt. Charlotte house fire
- Woman faces DUI charges after crash involving 6 children
- 4 Collier Co. children involved in 2 near drowning incidents
- Chrysler agrees to recall of Jeeps at risk of fire
- Top choice drops out of consideration for Lee Co. Manager
- DCF investigates Cape Coral infant's death
- Storage unit swiper targets Cape Coral facility
- LDAS seeks information regarding 2nd recent cat shooting
- Car crashes into store on Golden Gate Pkwy.
- Man allegedly shoots step-son in face for being a 'moocher'





