EIFS Class Action relating to Parex brand Exterior Finish and Insulation Systems sold by Charleston Gypsum (principally in the Charleston, South Carolina MSA/Tri-County Area)
Justin Lucey and co-counsel prosecuted a class action against a distributor known as Charleston Gypsum, previously located in North Charleston, SC. The suit concerned the Parex brand EIFS (Exterior Finish and Insulation System) sold by Charleston Gypsum in the 1991-mid 1995 time frame.
EIFS, also commonly referred to as synthetic stucco, is an exterior cladding system consisting of layers of EPS board (analogous to Styrofoam), fiberglass mesh, and plasticized stucco. Plaintiffs alleged that this system is inherently defective in that it permits water intrusion behind it at terminations/penetrations, e.g. windows, and allows damage to occur unnoticed within the structure’s walls.
A settlement was reached and proceeds were distributed to Charleston residents who were identified in the Defendants’ records.
The document(s) below will provide you with further information on this case.