KB HOMES SUBCLASS C AND SHARP PLUMBING SETTLEMENTS UPDATE:
Class Counsel reached tentative settlements with KB Home Nevada Inc. for a subclass of homes and Sharp Plumbing, Inc. for a group of homes. These are partial settlements and will not provide enough money by themselves to re-plumb the affected class homes. The settlements must still be approved by the Court and by the Class, which will take several months. The settlements may be appealed by other defendants in the case, which may substantially delay Class Counsel’s ability to use these funds for repairs. If the Court approves the settlements, and after all appeals are resolved for each settlement, including the Ipex settlement (see the Ipex Settlement link on the Home page), the funds will be combined to help pay for the cost of re-plumbing the affected class members’ homes. For more information regarding the settlements and how they may affect your rights, please read the Notice of Preliminary Approval of Settlement and Fairness Hearing (“KB Subclass C”) and Notice of Preliminary Approval of Settlement and Fairness Hearing (“Sharp Plumbing”) documents posted in the Updates section of this website. If you have questions that cannot be answered by the Notices, you may contact our office at the telephone number provided on this website.