CertainTeed Corp. has reached a preliminary agreement to settle a class-action lawsuit filed against it by homeowners who alleged a type of organic asphalt shingle manufactured by the company failed prematurely and didn't perform as well as they should, the litigants said Monday Jan. 4. More
Atlanta-based builder asserts insurance company should pay legal expenses incurred in defending Beazer company officers and executives. More
Beazer Homes USA is suing an insurance company for failing to pay the costs of defending and settling lawsuits against its executives. On Dec. 18, Beazer filed the lawsuit in U.S. District Court in the Northern District of Georgia against Arch Insurance Co., accusing the company of breach of contract and asking the court to award damages. More
A subsidiary of Pulte Homes filed a lawsuit Dec. 1 against Laborers International Union of North America (LiUNA), accusing the group of committing assault, battery, theft, destruction of property, and intimidation against its employees after LiUNA members crashed a company meeting in Missouri. More
Different perceptions among builders and their customers can blow up into defect lawsuits when communication falters. More
A number of Franklin Templeton Investments' mutual funds filed a lawsuit against Beazer Homes USA and several of its officers Sept. 18, accusing the company of violating securities laws by not disclosing the true financial conditions of the company. More
Franklin Templeton mutual funds investors allege the builder misled investors about the true financial condition of the company. More
Lawsuits fault eight builders for creating neighborhoods full of foreclosures. More
Federal lawsuits filed recently against eight large production builders in California blame them for creating neighborhoods where high foreclosure rates have caused home values to plummet, wiping out the investments of many home buyers. More
A newly minted company is maneuvering to scoop up some choice assets as part of the Chapter 7 liquidation of bankrupt WL Homes, more commonly known as John Laing Homes. The limited liability company, known as EJL Homes, is a subsidiary of Emaar America Corp., John Laing's parent company. The Emaar "new co" is on track to close on a portfolio of assets by Sept. 30, according to court documents. More
