Home builder Lennar Corp. said Monday that a lawsuit has been filed against it in the U.S. District Court for the Southern District of Florida in connection with drywall that may emit various sulfur-based gases.
Lennar said it learned recently that its subcontractors used drywall manufactured in China during the construction of the company’s homes, primarily in 2005 and 2006. It added that it has now learned that some drywall made in China contains high levels of sulfur and may emit various sulfur-based gases.
In February, was suing two Chinese drywall manufacturers, claiming their wallboard is defective and is causing electrical problems and emitting rotten odors in dozens of homes across Florida.
In midafternoon composite trading Monday on the New York Stock Exchange, Lennar shares were down $1.73, or 19%, at $7.61.
Read Ingrid Pedrick Lehrfeld’s full article “Lennar Is Sued Over Drywall” in the Wall Street Journal (April 20, 2009).
Other Related Stories:
“Chinese Drywall: Florida Set to Test Air in Homes, Senator Seeks Task Force” NEWSInferno.com (April 20, 2009)
“Chaos Continues In the Chinese Drywall Debate” InjuryBoard.com (April 20, 2009)
“Fla. to test air in homes with Chinese drywall” Associated Press (April 17, 2009)