Currently, lawyers are pursuing approximately 300 Chinese drywall lawsuits in U.S. District Court in New Orleans, the Associated Press reports. These suits allege defective Chinese drywall was sent to Gulf Coast states after hurricanes ravaged the area in 2004 and 2005.
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As an alternative, the plaintiffs' lawyers are considering taking action against the U.S. investment bankers who financed the companies that brought over the defective products.
The Chinese drywall has been reported in homes located in Florida, Virginia and Texas. An organization called the Chinese Drywall Complaint Center was created to help homeowners get information about the ongoing issue, calling it the "absolute worst environmental disaster in U.S. history."
"The federal response…has been a pathetic joke, given the scope and size of the extreme issues now affecting any U.S. citizen living in one of these toxic homes," states the organization.