Miami Real Estate: Miami Company Agrees To Settlement Over Chinese Drywall

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A Miami company which supplied defective Chinese drywall to contractors and builders has agreed to a $55 million settlement on claims that the corrosive product damaged homes.
On Tuesday lawyers for Banner Supply, several related companies and their insurers along with lawyers for homeowners who have filed claims against the companies urged U.S. District Judge Eldon Fallon in New Orleans to approve the deal.
Only owners whose homes contain Chinese drywall supplied by Banner would be eligible for shares of the settlement fund.
Banner purchased roughly 1.4 million sheets of Chinese drywall. When they notified their Chinese supplier about the complaints, the supplier replaced the Chinese-made drywall with American-made drywall. In return, Banner Supply allegedly signed a confidentiality agreement to not say anything about it to the government or its


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Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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