Chinese drywall update

There have been numerous developments on this front, and most of them are not good for consumers. Somehow, though, too many people—and media outlets—have been fooled. My latest HND piece examines the situation.

Included in this update are two high profile so-called "settlements," tainted forever since the plaintiff's lawyers got their fees based on a side deal with the defendants. Thus, there should be no surprise that the plaintiffs got screwed. Under normal circumstances this sort of thing would get you disbarred, but in these cases, it was legal.

Most others in the legal profession consider plaintiff's attorneys to be about one (very small) step up from prostitutes, but even my friends in the profession were incredulous when I told them the circumstances of these particular cases.

Thankfully, there is also a bit of good news for affected homeowners, at least in Florida. And, there are also a few good guys out there.

Read the complete article.