Controversy Surrounds Dryvit EIFS Settlement as 'Opt Out' Deadline Approaches

DANDRIDGE, Tenn. - As the Sept. 3 "opt out" deadline approaches in a class action settlement agreement between synthetic stucco manufacturer Dryvit Systems, Inc. and owners of EIFS-clad homes in states other than North Carolina, there is disagreement over the benefits of the agreement terms for homeowners. Bobby R. Posey, et al. v. Dryvit Systems, Inc., No. 17,715-IV (Tenn. Cir. Ct., Jefferson Cty.)

Whereas some say the settlement agreement as useful for homeowners who do not have any other way to recoup repair costs for damage to the Dryvit EIFS on their homes, others assert the agreement is worse than …