The Times Picayune had the “breaking news” up before lunch. I thought I would, too, but this was just “another one of those days” – and the result is more news about the case, starting with the report online at the Sun Herald, although not “breaking”.
A New Orleans federal judge on Thursday awarded seven Virginia families $2.6 million in damages for homes ruined by sulfur-emitting drywall made in China, a decision that could affect how lawsuits by thousands of other homeowners are settled.
It remains to be seen how the plaintiffs can collect from Chinese companies that do not have to respond to U.S courts, although some have talked about getting orders to seize U.S.-bound ships and cargoes from the drywall companies.
In other words, plaintiffs are left “high and dry(wall)” until someone comes up with the money. Judge Fallon has the Findings of Fact and Conclusions of Law but he doesn’t have the check (h/t Bloomberg for the case identification needed to find the document). A story in the Palm Beach Post , however, provides additional detail about Fallon’s decision for those who want fast facts: Continue reading “High and dry(wall) – Judge Fallon awards $2.6 million to 7 families in Chinese Drywall case”