Chinese Drywall MDL Judge Adopts Formula To Calculate Remediation Damages

(April 25, 2017, 12:15 PM EDT) -- NEW ORLEANS — The federal judge in Louisiana overseeing litigation stemming from defective drywall manufactured in China on April 21 adopted an expert’s formula that states that class members should receive $86 per square foot to remediate damage to their homes’ electrical and plumbing systems that resulted from the use of the building material that was made by Taishan Gypsum Co. Ltd. and other China-based companies (In re: Chinese-Manufactured Drywall Products Liability Litigation, MDL No. 2407, E.D. La., 2017 U.S. Dist. LEXIS 60911)....