In Texas, Justice is Served-Perry Homes Loses CD Suit, HO’s Awarded 58 Million

An elderly couple who since 2000 have been battling Houston-based Perry Homes over construction defects in their home in suburban Fort Worth, Texas, on Monday were awarded $58 million in damages by a jury in a Tarrant County court. That verdict has been characterized in press reports as a sharp rebuke of Bob Perry, Perry Homes’ owner and one of the state’s most powerful and politically influential businessmen.
The jury awarded the homeowners, Bob and Jane Cull, $7.1 million in actual damages and $40 million in punitive damages against Perry Homes. It also awarded $7.1 million in actual damages and $4 million in punitive damages against the builder’s warranty provider, Houston-based Warranty Underwriters Insurance.

Perry Homes referred all questions to its spokesman, Anthony Holm, who called the verdict “jackpot justice–absurd by any measure and an abuse of the legal system.” He said Perry Homes would “address these matters with a trial court, and if necessary, appeal.”READ THE REST OF THIS STORY BY CLICKING HERE