The Real Deal Miami

Drywall settlement goes up

November 01, 2010 09:45AM

Customers who purchased defective Chinese drywall from home improvement
store chain Lowe’s are seeing an increase in the company’s settlement.
In an earlier agreement, the company was offering $4,500 in cash and
gift cards; for those who could not provide a proof of purchase, it
offered $100 gift cards. In the revised settlement, Lowe’s will provide
up to $100,000 for those who can prove damages while providing a
canceled check or credit card statement. The cost of fixing a home hurt
by drywall can cost more than $100,000. [SFBJ]