Maker of tainted drywall settles homebuilder's suit

 Wednesday, May 19, 2010

 Business Insurance

Knauf Plasterboard Tianjin Co. Ltd., the manufacturer of tainted Chinese drywall at the center of litigation in the U.S. Southeast, has reached a settlement with a builder on costs to replace the drywall. Germany-based Knauf said Monday that it had reached a settlement in a lawsuit brought by Atlanta-based Beazer Homes USA Inc., for which terms were not disclosed.
LitigationPropertyLiabilitySubrogation
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