Claims for loss of market value related to Chinese-manufactured drywall in a putative class action don’t fall within the scope of previous settlement deals, a federal appeals court said in an unpublished opinion (In re Chinese-Manufactured Drywall Prods. Liab. Litig., 2015 BL 324018, 5th Cir., 14-31355, unpublished 10/2/15).
The claims may proceed, the U.S. Court of Appeals for the Fifth Circuit decided.
Ralph Mangiarelli Jr., the putative class representative, said his Fort Lauderdale, Fla., condominium lost market value as the result of a stigma from being associated with another building in the complex which was constructed using...
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