Real Estate Class Action Lawsuits

Class Action Lawsuit Against Zurn Pex

A class-action lawsuit was filed against Zurn Pex, a company that develops residential plumbing systems due to leaking that caused water damage, which is quite contrary to what the company is actually claiming.

In August 2007, a class action lawsuit was filed by Denise and Terry Cox; alleging that the brass plumbing fittings used in their residential plumbing system failed, and caused severe damage to their home. The lawsuit seeks replacement of all Zurn fittings, regardless of whether they have already failed or not.

Presently, a new lawsuit was filed against Zurn Pex. The suit claims that the company’s plumbing systems caused damage to their home. The Bismarck Tribune says that the plaintiffs are seeking class action status for the lawsuit. The plaintiffs allege that the Zurn Pex brass fittings failed just months after they were installed. The failure caused extensive damage and in resulted in health problems.

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Freeport faces class-action lawsuit

Freeport-McMoRan Copper & Gold Inc, a copper producer in Phoenix, is facing a class-action lawsuit filed on Monday over a cleanup of environmental hazards left in Blackwell, Oklahoma.

The lawsuit was filed on behalf of the community’s approximately 7,000 residents. The community is asking Freeport to clean up Blackwell property contaminated by a zinc mill that operated in the area from 1916 to 1974.

The class-action lawsuit is not seeking for specific damages but wants Freeport to compensate residents for lost property values due to pollution. It also wants the company to set up a medical-monitoring program to assess the citizen’s health.

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Class action suit filed against Tarragon

A class action lawsuit was filed last Tuesday by a San Diego law firm against Tarragon Corp. in the U.S. District Court for the Southern District of New York. The lawsuit was done on behalf of the purchasers of Tarragon’s common stock between January 5, 2005, and August 9, 2007.

The law firm - Coughlin Stoia Geller Rudman & Robbins LLP, alleges Tarragon and certain officers and directors issued materially false and misleading statements concerning the company’s business and financial results.

A spokesman from Tarragon said that it’s company policy not to comment on pending litigation.

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