Categorized | Civil Justice Update

Settlement reached in Federal lawsuit over tainted Chinese drywall used in 74 Virginia homes.

The Norfolk (VA) Virginian-Pilot (1/16, McGlone, 156K) reports, “Another piece of Chinese drywall litigation has been resolved with a settlement between a builder and two insurance companies involving tainted drywall at 74 local homes. Dragas Management Corp. of Virginia Beach settled a Federal lawsuit with insurance carriers Hanover and Citizens, according to a court order dismissing the case filed Monday.” According to the Virginian-Pilot, Dragas had subcontracted drywall work to Norfolk, Virginia, company Porter-Blaine Corp., and Porter-Blaine “had purchased the tainted drywall from the Chinese company Taishan Gypsum.” The story notes that the terms of the settlement have not been made public.

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