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Lennar sets aside $40 million for chinese drywall

“Home builder Lennar Corp. has set aside nearly $40 million to deal with homes that it built using defective Chinese drywall, the company said in a regulatory filing on Friday…

The company also said that 41 Florida state court lawsuits and two federal class-action lawsuits have been filed against the builder regarding Chinese drywall. It is trying to abate the state actions under a law that allows builders to repair problems.”

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This entry was posted on July 11, 2009 at 12:56 pm and is filed under Company News, Lawsuits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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