Court Approves $24M Class Action Settlement for Boynton Beach Residents
September 12, 2013
A final order has been signed by U.S. District Court Judge Eldon E. Fallon approving a $24 million settlement for Boynton Beach residents of Villa Lago at Renaissance Commons.
The settlement order brings relief and justice to residents of the 328 unit Boynton Beach community who alleged defective Chinese Drywall caused damage to their property and filed claims in 2009. The settlement is part of a multi-district class action litigation (MDL 2047) which consolidated lawsuits brought in several federal district courts in the Gulf Coast and mid-Atlantic regions by property owners whose homes and other properties were allegedly damaged by Chinese Drywall.
The settlement will provide residents with a fully remediated home, including the removal of problematic drywall, fire safety alarm devices, electrical distribution components (including receptacles, switches and circuit breakers), gas service piping and fire suppression sprinkler systems. Affected residents can apply to receive a portion of the settlement award.