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.
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