kurt Posted April 12, 2004 Report Posted April 12, 2004 It's now official & on TV; Michael Jordan is suing his contractor, the synthetic stucco mfg., the roofer, & the window mfg. for $2.5 million alleging water problems, rot, & mold. He's got himself a 25,000 sf EIFS mid-90's mess.
Brian G Posted April 12, 2004 Report Posted April 12, 2004 Something tells me this case will be a slam-dunk. [:-basketball] [] Brian G.
Richard Stanley Posted April 12, 2004 Report Posted April 12, 2004 Is there a print reference to that story - newspaper, etc.?
Richard Moore Posted April 12, 2004 Report Posted April 12, 2004 25,000 feet... off the roof... through the windows... behind the stucco... Nothing but Wet!
kurt Posted April 12, 2004 Author Report Posted April 12, 2004 Originally posted by rstanley Is there a print reference to that story - newspaper, etc.? Not yet; it's only on TV so far.
Scottpat Posted April 13, 2004 Report Posted April 13, 2004 I wonder if he opted out of all of the EIFS class action settlements?
Mike Keady Posted April 13, 2004 Report Posted April 13, 2004 Slam Dunk: Michael Jordan Goes for the Gold in Mold Adding to proof that homes of the rich and famous are not immune to moisture and mold problems, basketball great Michael Jordan has filed a $2.6 million suit against Sto Corp alleging their products resulted in problems in the Highland Park, IL, home. The Jordan mansion bears an EIFS (exterior integrated finish system) exterior finish of synthetic stucco, which the suit alleges failed and allowed moisture incursion leading to mold. According to a news item presented on the WBBM Chicago website, Jordan noticed problems of water leaking behind the stucco soon after they occupied the renovated house in 1999. Sto Corp had claimed the product would eliminate the threat of water penetration in the home, and that the observed leaks related only to minor maintenance. Jordanââ¬â¢s attorney had the home tested for mold and found the water penetration to be widespread, causing structural and interior damage including saturation with water and rot. According to the report, an IAQ specialist took air samples that demonstrated that the problem affected indoor air quality, as well. The suit also names Berke Homes Inc. and several companies subcontracted by Berke to accommodate the installation of the EIFS. Any punitive damages, legal fees, and settlements from defendants other than Sto Corp are not included in the $2.6 million figure.
Scottpat Posted April 13, 2004 Report Posted April 13, 2004 If I am not mistaken the Sto class action settlement ended about two years ago. I wonder how long this has been in the works.
hausdok Posted April 13, 2004 Report Posted April 13, 2004 The smart money says he opted out of the class action. That enables him to sue them separately, at any time within the warranty period, in which case he has a better chance of recovering more than he would in a class-action. The rich aren't immune, they just get better legal advice. The average schmoe will jump on the class action every time. Most of the class action claimants in the L-P siding debacle were unhappy with their settlement and the lawyers made tons. Now, those smart enough to have opted out of the class action are suing individually because the stuff was guaranteed for 25 years. Life goes on. I wonder who inspected the home for him? OT - OF!!! M.
Scottpat Posted April 13, 2004 Report Posted April 13, 2004 The Sto settlement was around $15 per sf of EIFS. On the average it takes around $22-$25 per sf to tear off and replace with another cladding like stucco from what I have seen first hand.
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