Tom Hanks Loses Contractor Dispute Before Arbitration Panel

The actor who starred in a movie about slow-moving contractors and a crumbling house has lost his own real-life battle over home defects.

Tom Hanks, who starred in The Money Pit, lost a bid for $3 million in damages before a three-member arbitration panel, report the Associated Press and the Idaho Mountain Express. He and his wife, Rita Wilson, had sought damages from Storey Construction, a contractor who built their multimillion-dollar home in Sun Valley, Idaho, in 2002.

The panel did find problems with the home, including leaky roofs, inadequate drainage, improperly vented fireplaces and inadequate air conditioning. But the arbitrators faulted poor design and bad architectural and engineering advice. The contractor was not to blame, the panel said.

Hanks and his wife reached a $900,000 settlement with Lake Flato Architects Inc. last fall, according to the stories.

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