Content about Banner Supply Co.

September 8, 2011

Banner Supply Co., the Miami-based drywall distributor, has agreed to pay $53 million to settle a class-action lawsuit claiming it sold defective drywall imported from China. The settlement offer, which is still subject to court approval, will be deposited into an escrow account for plaintiffs who claim their houses need remedial work after being built with toxic drywall.

Banner and its insurers deny any wrongdoing, pointing out that the company never manufactured the drywall it sold or delivered. 

June 16, 2011

One of the largest Florida suppliers of tainted drywall has reached a preliminary settlement with a group of plaintiffs, counsels for the parties announced June 15. 

The insurers of Banner Supply Co. and its various subsidiaries have agreed to pay $55 million to homeowners in Florida who claim their homes were built with contaminated Chinese drywall.  

October 31, 2010

Whoever conjured up the phrase “toxic Chinese drywall” must have been prescient. No other word...