5th Circuit Rejects Objector’s Claim PEX Piping Class Settlement Is Underfunded

Mealey's ( October 14, 2022, 1:53 PM EDT) -- NEW ORLEANS — The sole objector to a $7.65 million class settlement in a lawsuit by homeowners who claimed that defective polyethylene (PEX) piping that could result in leaks and damage was used in their homes failed to show that the agreement between the homeowners and piping maker NIBCO Inc. was inadequate, a Fifth Circuit U.S. Court of Appeals panel ruled, affirming a trial court’s approval of the settlement....