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$248M Settlement in decade-long Chinese drywall litigation

A proposed settlement would give homeowners in primarily five U.S. states, including Virginia, compensation after defective drywall produced by a Chinese company caused damage to homes and properties.

If the settlement filed in a New Orleans federal courtroom is approved by a judge, the company Taishan Gypsum would pay $248 million to those who were impacted by the company’s faulty products that were used between 2005 and 2008 in Virginia, Florida, Louisiana, Alabama and Mississippi, according to a news release on the lawsuit.

Issues with the drywall allegedly include unpleasant odors and fumes that corrode metals …

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