Lowe’s Settles Suit Brought by Buyers of Defective Drywall

Lowe’s has settled a class-action lawsuit by plaintiffs who claim to have purchased tainted Chinese drywall from the company, the Palm Beach (Fla.) Post reports. Although the building-materials giant says its vendors deny supplying it with any drywall that originated in China, it has agreed to issue gift cards worth $50 to $2,000 to customers who say they bought the defective drywall at a Lowe’s store — provided they waive their legal right to sue for further damages.