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Judge awards drywall victims $2.6 million

BY HBSDEALER Staff

For the first time, an award has been handed down in court to victims of defective Chinese drywall.

An  article in South Florida Business Journal  reports that a New Orleans judge awared $2.6 million to seven Virginia families, but collecting the award will be difficult.

 

The defendant in the case, Taishan Gypsum Co. of China, has not responded to the lawsuit, and isn’t expected to quickly hand over the money.

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Whirlpool RDCs receive LEED certification

BY HBSDEALER Staff

Benton Harbor, Mich.-based Whirlpool announced that its regional distribution centers facilities in McDonough, Ga., and Spanaway, Wash., have been awarded Gold LEED certifications, and its RDCs in Columbus, Ohio, and Denver have been awarded LEED Certification.

The RDCs received the LEED certification by reducing energy use, lighting, water and material use, as well as incorporating a variety of other sustainable strategies, the company said in a release.

“Pursuing the voluntary LEED certification is just another example of Whirlpool Corp.’s commitment to sustainability,” said Brian Hancock, VP supply chain organization. “When we were planning construction of these buildings we knew we wanted environmentally friendly and efficient design.”

The Atlanta and Columbus facilities, both 1.6 million sq. ft., are among the 10 largest LEED-certified warehouses in the country. The Atlanta facility is also the largest Gold LEED-certified industrial building in the country and the second in the world.

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Sears wins dismissal of Kmart fraud suit

BY HBSDEALER Staff

Afederal appeals court has dismissed a suit against Hoffman Estates, Ill.-based Sears Holdings, its chairman Edward Lampert and former Kmart chief executive Julian Day, according to Reuters.

The suit, filed by former Kmart Holdings shareholders, claimed that Kmart intentionally undervalued real estate assets by billions of dollars to allow Lampert and Day to acquire controlling shares in the company at artificially low prices.

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