Personal Injury Law

Lowe's offers up to $100,000 to drywall victims - with a few stipulations

By LaBovick Law

Drywall victims that purchased the tainted drywall from Lowe's Corporation are now eligible for up to $100,000 in cash according to legal documents on Thursday. Under the previous settlement, Lowe's drywall customers were eligible for a maximum of a $2,000 gift card plus $2,500 in cash, providing they had a receipt or a credit card statement showing that the drywall was purchased at Lowe's.

Lowe's customers who fulfill the new requirements are now eligible for a maximum of $100,000 in cash. Homeowners also can qualify if they have at least $4,500 worth of medical bills related to the bad drywall.

Air conditioners that frequently malfunction have become a telltale sign of defective drywall, which releases sulfur gases that can corrode electric wiring and trigger respiratory problems, nosebleeds, irritated eyes and migraines.According to the U.S. Consumer Product Safety Commission, the removal of the drywall and electrical wiring is the only way to repair homes in this condition. 

Despite this new improved amount, some owners are stating that $100,000 is not enough to cover all of the expenses and damages attributed to the drywall. Homeowners have had some expenses as high as $500,000 when adding up medical bills, repair costs, damages and alternative dwelling expenses.

This victory is bitter sweet for some homeowners. However, if you are a drywall victim that purchased drywall from Lowe's we encourage you to act quickly and obtain your rightful share of the settlement from Lowe's.

Click on the following link to find out more on the Lowe's drywall settlement   

Full post as published by LaBovick Injury Law Blog on October 29, 2010 (boomark / email).