Dryvit Class Action Law Suit

Dryvit Class Action Law Suit

Trusted By The Courts, Attorneys Representing Both Stucco Homeowners and Dryvit Systems…

A national class action settlement involving Dryvit Systems, Inc., the nation’s largest manufacturer of exterior insulation and finish system (EIFS), was approved January 14, 2003.

The settlement was approved January 14 in the Circuit Court for Jefferson County, Tennessee, before the Honorable Duane Slone in a class action lawsuit known as Bobby R. Posey, et. al v. Dryvit Systems, Inc. The settlement covers all persons or entities who, as of June 5, 2002, owned a one-or two-family residential dwelling or townhouse (in any state other than North Carolina) which is clad, in whole or in part, with EIFS manufactured by Dryvit Systems, Inc. and installed after January 1, 1989. Moisture Warranty Corporation will act as service provider for the national settlement. As service provider, Moisture Warranty Corporation will be responsible for assisting qualified claimants through the process of correcting moisture problems they may have with their EIFS cladding system.

Included as part of the settlement are moisture inspections, the evaluation and completion of required repairs, and the issuance of a Dryvit Settlement Edition of the MoistureFree Warranty. All inspections, a three-year moisture warranty, and a portion of the repair costs will be paid for as part of the settlement. Stucco homeowners with repairs exceeding $15,000 have additional options within the settlement, including a cash payment option. Claims may be made until June 5, 2004.

“Plaintiff’s counsel and Dryvit were looking for a solution to the moisture problem and a way to protect the homeowner from the stigma associated with EIFS. Rather than awarding cash compensation which may or may not be used on the home, this settlement provides a solution to any problems which exist or may exist in the future, restoring consumer confidence in EIFS clad homes. In 1999, once the N.C. class action settlement involving Synergy was approved, other EIFS manufacturers came forward to participate in that settlement. We are hoping the same will happen after this settlement’s approval so the stucco solution will be available to all stucco homeowners, not just Dryvit homeowners.”

While working with MWC I was engaged in the creation of an extensive training and certification program for the inspectors and repair contractors involved with the warranty program. An eight-hour video training series instructs inspectors and contractors on the techniques most critical to effectively protect an EIFS-clad home. Inspectors and repair contractors are required to be tested and certified through this training program in order to participate in the Dryvit settlement.

Charlotte Stucco Homes Discussion Fourm

Charlotte Stucco Home Realtors, Buyers, and Sellers Beware

Charlotte Stucco Home Realtors, Buyers, and Sellers Beware

About Charlotte restoration, engineering, and stucco repair company’s that do inspections. Some stucco restoration company’s also do their own stucco inspections. Their primary source of income is from the restoration work and their stucco inspection services is used to find new work. There is nothing wrong with stucco restoration work, however when a company is looking for work, the inspections they provide some times reflect a greater need for their restoration services than what is really there. I have seen small problems magnified to big problems, improper use of inspection equipment to misrepresent a problem or just plain inexperience.

We provide a independent 3rd party inspection service without pushing for repairs. We report the facts as found and have no reason to magnify a problem. If problems are found we will gladly consult with the remediation company you choose, regarding findings in our reports.

Windows Leak

About 70% of all leaks in the cladding are caused by windows.  These types of leaks happen on all homes, regardless of the type of cladding.  Most of the leaks occur within the construction of the window itself.  However, many people mistakenly assume that most leaks...