Taishan Agrees To Pay $248M To Resolve Suits Over Defective Chinese Drywall

(August 20, 2019, 4:07 PM EDT) -- NEW ORLEANS — Taishan Gypsum Co. Ltd., two of its affiliates and homeowners who claim they had defective Chinese drywall installed in their homes on Aug. 20 filed a brief in Louisiana federal court seeking approval of an agreement wherein the manufacturer would pay $248 million to resolve the claims brought in three class actions in Florida, Louisiana and Virginia (In re: Chinese-Manufactured Drywall Products Liability Litigation, MDL 2047, E.D. La.)....