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Tom Hanks loses home dispute claim

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A panel has rejected a claim by Tom Hanks and Rita Wilson for financial compensation from the company hired to build their Sun Valley home

A panel has rejected a claim by Tom Hanks and Rita Wilson for financial compensation from the company hired to build their Sun Valley home

A panel has rejected a claim by Tom Hanks and Rita Wilson for financial compensation from the company hired to build their Sun Valley home

Tom Hanks and his wife have lost a bid for financial compensation in a long-running dispute with the company hired to build the couple's multimillion dollar Sun Valley home.

An arbitration panel, the American Arbitration Association, ruled against the couple's claim that their 10 million dollar (£6.14 million) home in the central Idaho resort town was built with defects.

The claim is similar to the plot of the 1986 movie The Money Pit, in which Tom co-starred with Shelley Long as a couple who encounter troubles while trying to fix up their new home.

Tom and his wife Rita Wilson sought three million dollars (£1.84 million) in damages from Storey Construction. They claimed the home was built with flaws, including a leaky roof that nearly collapsed after the house was finished in 2002.

The couple say they are disappointed by the decision.

The Idaho Mountain Express reported the panel also denied a counter-claim alleging the couple filed the grievance out of malice.

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