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Lowes Increases Settlement Offer Over Chinese Toxic Drywall

Lowes Increases Settlement Offer Over Chinese Toxic Drywall

Lowe's Companies Inc. has increased its offer to settle toxic drywall lawsuits, say reports, with the home improvement store chain offering as much as $100,000 to customers who claim their homes and health suffered as a result of toxic drywall they may have purchased at Lowe's Home Improvement Centers.

The original settlement proposed that Lowe's drywall claimants would have received gift cards or cash from between $50 to $2,500. But claimants said the amount was too small since replacing the sheetrock would cost at in the hundreds of thousands of dollars, and the original settlement - which totaled around $6-million - was immediately criticized by consumer advocate groups.

Lowe's, which continues to maintain it did not sell any Chinese-made drywall, announced a new settlement that while exact details are not know, addressed many of the concerns, reports say.

If you think you have been involved in a drywall-related illness, the offices of Attorney Jimmy Doan can help. With lengthy experience in personal injury cases, The Doan Law Firm P.C., can provide answers for some of the toughest questions of drywall-related ilness and death.  Contact The Doan Law Firm P.C. at 1 Riverway, Suite 2055, Houston, Texas 77056, (713) 869-4747 or (800) 910-FIRM.

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  1. After an accident, the responsible party's insurance company may try to reduce the claim amount. Commonly, insurance adjusters are trained to get information from the injured to assist in reducing the claim. Though some insurers are less guilty of this practice than others, it is important to realize that insurance companies are profit-oriented corporations and reducing claims results in increased profits for shareholders. This can create a situation for the injured in which they are offered a settlement that does not truly reflect the damages suffered. If you accept this settlement, you lose the ability to get more money should your injuries require further medical treatments. It is critical that victims get legal assistance in any personal injury case, and The Doan Law Firm is prepared to fight relentlessly for your rights.
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