From 2004 to 2007, Lowe’s sold toxic Chinese drywall to its consumers. The U.S. Consumer Products Safety Commission has received complaints from almost two thousand households around the country. The drywall can damage the home, appliances, and even the health of the homeowners. Now, Lowe’s is increasing its offer to settle lawsuits with those who have been injured by the toxic wallboard. If you or someone you know purchased drywall from Lowes between 2004 – 2007 you may be entitled to damages under the terms of the settlement conditions. Contact an Atkins and Markoff defective product lawsuit attorney today for a free consultation.
LOWE’S INCREASES SETTLEMENT OFFER FOR INJURIES FROM TOXIC DRYWALL
Lowe’s has increased its settlement offer for those who purchased toxic Chinese drywall at their stores. Lowe’s is offering $100,000 for people who suffered at least $4,500 in damages or medical bills due to the drywall, although the damages must be an estimate from an independent contractor. This is a drastic increase over the previous offer of $2,000 and $2,500 in in-store credit.
Lowe’s is also offering $250 gift cards for customers who can prove they bought Chinese drywall at Lowe’s but cannot prove they suffered damages. Customers who say they purchased Chinese drywall at Lowe’s but have no proof of purchase can receive $50 gift cards.
About 1,900 homeowners in 30 states have made reports to the U.S. Consumer Products Safety Commission (CPSC) who say that toxic Chinese wallboard imported between 2004 and 2007 releases sulfuric odors that corrode wiring throughout the home and damage appliances. The toxic drywall may cause various health problems, including headaches, nosebleeds and respiratory problems. An Interagency Drywall Task Force to address the problem, which could affect many thousands more homes across the country.
Homeowners throughout the United States have filed lawsuits over the toxic drywall. In 2009, all of the federal drywall litigation was consolidated and centralized in Multidistrict Litigation in New Orleans under U.S. District Judge Eldon Fallon. This is not the first time lawsuits have resulted from the importation of toxic Chinese wallboard. In previous Chinese drywall settlements and jury awards, the court has estimated that repairing homes built with toxic drywall costs between $40-80 per square foot.
OKLAHOMA DEFECTIVE PRODUCT ATTORNEYS HELP VICTIMS
If you or someone you love has been injured by a defective product like the toxic Chinese drywall sold at Lowe’s, you should also know your legal rights. Contact a defective product liability lawyer at Atkins & Markoff immediately to schedule a free initial consultation.