Mealey's (April 1, 2021, 8:27 AM EDT) -- SAN ANTONIO — A federal magistrate judge in Texas on Feb. 23 preliminarily approved a $7.6 million settlement for classes of homeowners in Alabama and Texas who suffered damages as a result of allegedly faulty cross-linked polyethylene (PEX) piping made by NIBCO Inc., finding that the terms of the agreement are fair and reasonable and the result of arms-length negotiations....