Sep 28, 2009 10:48 AM by sleonard
NEW ORLEANS (AP) - Lawyers representing homeowners and homebuilders that used drywall suspected of causing corrosion and possible health risks say they expect Chinese manufacturers to
ignore hundreds of lawsuits filed against them.
So, who's going to be on the hook for any court-ordered damages? That's the pivotal question for lawyers as they pursue about 300 lawsuits in U.S. District Court in New Orleans that allege a flood
of defective Chinese drywall was sent to Gulf Coast states after hurricanes in 2004 and 2005. The material is known to decay, creating corrosive chemicals and fumes.
Plaintiffs' lawyers say they are considering action against U.S. investment bankers who financed the companies, and possibly seizing ships that transported the material to the United States.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
10 hours ago