Class-action suits threatening homebuilders
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Like doctors, truckers and many other business groups, America’s homebuilders are the targets of class-action lawsuits. These suits involve construction defects, and the whole country is paying for it. Construction-defect litigation, which first emerged in California in the 1980s, has since spread to other Western states and has emerged as far away as North Carolina, Pennsylvania and Virginia. Trial lawyers in these states are targeting multifamily construction and filing suit, in some cases before a defect is even identified. This practice has led to multimillion-dollar awards against builders, resulting in higher housing costs for consumers. Just as with the lottery, a few win big, but most consumers lose and end Source : accessmylibrary.com |