Knauf "Chinese" Drywall-FIRST PHASE Home Builders / Contractors Settle-Are Homeowners Next ? When ?

Knauf "settlement" offer, and if Judge Fallon approves this "First Phase", covers only Builders and Contractors, at this time. Individual Homeowners INFECTED with Knauf are still in limbo, continuing to wait for NEWS and REQUIRED CORRECTIVE FUNDING.
Nov. 17, 2011 - PRLog -- As with any settlement announcement, and particularly settlements concerning Tainted Corrosive "Chinese" Drywall (CDW or TCDW), everything sounds GREAT to start and then latter, after the DETAILS are released, the shine starts to dull, and FACTS become very cloudy at best.

This settlement sounds GREAT, but as stated only covers BUILDERS and CONTRACTORS ... NOT INDIVIDUAL HOMEOWNERS.

Now back to the Knauf Builder / Developer Settlement Offer ...

Final approval by Judge Fallon is required, and full disclosure of this SETTLEMENT'S DETAILS have not surfaced, been shared, disclosed, or reviewed, by outside professionals.

Remember ... the DEVIL is in the DETAILS

One thing that can be confirmed, is the PSC (Plaintiff Steering Committee) will be paid off the top and then Plaintiffs Attorneys (Builders / Contractors) percentage will be determined.

Numerous other details, UNKNOWN at this time include ...

1)  Specifically "Who" gets paid
2)  How much each entity is eligible to receive
3)  How settlement funding is or will be determined
4)  When will distribution of funds or payments occur
5)  Who will handle disbursements
6)  How many homes, condos, or structures are included
7)  Is this settlement tied to other settlements or limits future settlements
8)  How are Attorneys or Lawyers compensated
9)  What specific corrective Protocol will be used
10) What will specifically be covered by settlement

Without raining on the parade or Knauf Builder / Developer Settlement Offer, celebrations need to wait until FINAL DETAILS and Judge Fallon's approval occur.

My question is when will Individual Homeowner Settlements occur ???

Thank you for your time and interest,

Michael S. Foreman
Foreman and Associates, Inc.
Forensic Construction Consultants

# # #

Foreman and Associates, knowledge and expertise concerning Tainted Corrosive Drywall (TCDW) or Chinese Drywall (CDW) leads the Industry with:

First 100% Accurate NDE Diagnostic Protocol (January 2009)
First Environmental Insurance backed abatement and treatment Protocol
First to publish and share NDE Analysis Protocol (January 2010)
First to promote and endorse SNiPER® Treatment System
First to acknowledge and endorse personal property SNiPER® Treatment System
First Cost Effective abatement Protocol requiring ALL electrical wiring / fixtures, HVAC equipment / duct work, drywall, cabinets, interior doors / hardware, carpet and pad, plumbing fixtures, removal and replacement or SNiPER® Treatment of specific components.

Our firms Treatment Protocol for Tainted Corrosive Drywall or Chinese Drywall has been documented as 100% successful.

Our SNiPER® Treatment affords Clients a CDW / TCDW Specific Insurance Policy, covering any future out-gassing or environmental issues
Source:Michael S. Foreman
Email:*** Email Verified
Tags:Knauf chinese drywall, Abatement, Treatment, Diagnosis, Testing, Corrosive Tainted, Settlement, Insurance, Warranty
Industry:Consumer, Construction, Real Estate
Location:Sarasota - Florida - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 17, 2011
Daily News
Weekly News

Like PRLog?
Click to Share