The AP reports that Chinese manufacturers may flat out ignore the lawsuits filed against them by American homeowners. While it would not be the first time, Plaintiff parties are already aware of this possible outcome and are planning accordingly. Options can include those financial institutions who back the importing of the toxic wallboard, or even seizing the ships that brought the drywall into the country.
Lawyers representing homeowners and homebuilders who used drywall suspected of causing corrosion and possible health risks say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in U.S. courts.
So, who’s going to be on the hook for any damages courts might award?