Knauf Plasterboard Tianjin Co. Ltd. has reportedly settled with Beazer Homes for $800,000 for an unspecified number of homes that may have contained drywall that was tainted.
As the blog author and a representative of my firm, Olson Good & Brown, I would like to warn against speculation as settlements like these are typically kept in confidence when they are truly negotiated. Reports vary as to how many homes were “covered” as part of this payment. As of today, I have not read anything which verifies the scope of this settlement.
Beazer is known in the community as taking a pro-active approach to construction defect matters, as it makes more fiscal sense to repair potential problems on its own. Beazer has been successful in recouping these funds against subcontractors, material suppliers, and others in the past.
To be continued.