"Knauf Plasterboard Tianjin Co., a Chinese drywall maker, agreed to pay at least $800 million to settle homeowner claims that faulty building materials contaminated their homes with corrosive sulfur fumes, plaintiffs' lawyers said.
Knauf agreed to resolve claims involving about 4,500 properties that contain the tainted drywall, lawyers for property owners said today in an e-mailed statement. Homeowners said the faulty wallboard emits gases that corrode copper coils and electrical and plumbing equipment."
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