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Up Against a Chinese Drywall
Homeowners from 42 states, the District of Columbia, American Samoa, and Puerto Rico have reported concerns about drywall imported from China and installed in their homes. These homeowners believe that health symptoms and the corrosion of metal components in their homes are related to Chinese drywall. The reports began to arrive in force in 2009 and have triggered the largest consumer product investigation in the history of the federal Consumer Product Safety Commission (“CPSC”).
Drywall, also known as wallboard or plasterboard, is an essential element in residential construction. Home builders in the United States historically used domestically produced drywall, composed primarily from gypsum, a mineral. However, the housing boom of 2004-2006, and the scramble for materials that followed the 2004-2005 hurricanes, led suppliers to import vast amounts of drywall from China to keep up with demand. According to the CPSC, more than 550 million pounds of drywall and associated building materials were imported from China to the United States between 2006-2007. According to the investigations, use of Chinese drywall was widespread, but the vast majority of the product was used in Florida, Louisiana and Virginia.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.