Aggrieved homeowners have filed suit against 14 insurance companies in the U.S. District Court, Eastern District of Louisiana.
The suit targets insurers who wrote policies for Bonita, Springs Fla.-based homebuilder WCI Communities Inc., which went bankrupt after claims arose that the homes built by WCI contained defective Chinese manufactured drywall. After the company's bankruptcy, a trust, the WCI Chinese Drywall Trust was established to represent some 700 homeowners.
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