The sudden turnaround of a Chinese drywall manufacturer that has repeatedly snubbed U.S. courts is a promising sign for thousands of U.S. homeowners whose homes, and even their lives, have been ruined by toxic, highly corrosive drywall, plaintiffs’ lawyers say. Taishan Gypsum Co. Ltd., a drywall company owned by the Chinese government, last week paid $3.2 million in damages to a federal court in New Orleans. That money will be disbursed to seven Virginia homeowners whose complaints against Taishan were tried as bellwether cases representative of a much larger, complex body of litigation still pending. The payments stunned those involved ... Read More
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