A $248 million settlement between U.S. homeowners and Chinese government-linked companies that made allegedly sulphurous drywall received final approval, but the federal court in Louisiana overseeing the deal awarded a smaller percentage in attorneys’ fees, freeing up more money for the class.
Objections that the settlement failed to make many homeowners whole shouldn’t scuttle the deal, which represents a compromise, Judge Eldon E. Fallon of the U.S. District Court for the Eastern District of Louisiana said. The settlement “aims to resolve claims on an aggregate basis to provide the greatest total recovery for the greatest number of people and was .
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