After more than four years of litigation, five manufacturers of exterior insulation and finish systems (EIFS) have agreed to a multimillion dollar settlement that will help hundreds of North Carolina homeowners repair or replace damaged EIFS systems.

The final settlement, approved on March 24, 2000 by State Superior Court Judge Ben Tennille, applies to five

Norfolk Circuit Court Judge Joseph A. Leafe has ruled that Dryvit’s Outsulation is defective and awarded Plaintiffs $2.5 Million in Board of Directors of the Bay Point Condominium Association Inc., et al v. RML Corp., et al At Law No. L99-475

He concludes:

” it is obvious to this Court that the pervasive water damage

There is a looming crisis in New Jersey caused by the decision by many insurance companies to refuse to renew existing homeowner insurance policies or to issue new homeowner insurance policies for homes clad with a synthetic stucco exterior cladding known as Exterior Insulated Finish System (“EIFS”).

Many experts believe that EIFS is a defective

Effective November 3, 2003, the building code for residential construction in New Jersey, known as the International Residential Code (“IRC”) has been amended to ban the use of EIFS which does not include house-wrap and a secondary drainage mechanism. This means that thekind of barrier EIFS sold by STO, Dryvit, Senergy, Vitricon, TEC and others