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Important Case Updates

Settlement Update for American Premiere, Astoria Homes, Concordia Homes, Developers of Nevada, Signature Homes, Platis Construction, RL Homes, SBA Development, Westmark Homes, and William Lyon Homes

Class Counsel recently reached tentative settlements with numerous builders, including American Premiere Homes and Development and American Premiere, Inc.; Astoria Homes, LLC; Concordia Homes of Nevada, Inc.; The Developers of Nevada; Plaster Development Company, Inc. dba Signature Homes; Platis Construction, Inc.; RL Homes, LLC, RL Homes, JV, LLC, and RL Homes, LLC, a Nevada Limited Liability Company; SBA Development, Inc.; Highland Development Company dba Westmark Homes; and William Lyon Homes, Inc. (“Settling Builders”). These are partial settlements and will not provide enough money by themselves to re-plumb homes. These settlements must still be approved by the Court and by the Class, which will take several months. These 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 these settlements, and after all appeals are resolved for each settlement, including the Ipex settlement (see below), the funds will be combined to help pay for the cost of re-plumbing the Settling Builders’ homes included in these subclasses. For more information regarding these settlements and how they may affect your rights, please read the Notice of Preliminary Approval of Settlement and Fairness Hearing (“Notice”) document for the particular subclass in which you are interested. For your convenience, the Notice documents are located in the Updates section of this website. If you have questions that cannot be answered by the Notice, you may contact our office at the telephone number provided below.

  • FAIRNESS HEARING UPDATE: After holding the final fairness hearing on August 3, 2009, the Court approved the settlements with all 10 builders. However, the money from these settlements will not be available for use by the subclass members until all appeals to the 10 builder settlements, if any, are resolved. Additionally, the settlements with these 10 builders are partial settlements and do not include enough money to begin re-plumbing homes without the Ipex settlement funds (see below). The Ipex settlement funds will not be available for use by the class members until all appeals are resolved.