Drywall MDL Judge Preliminarily Approves Banner Supply Co. Settlement
July 15, 2011
NEW ORLEANS - Chinese Drywall MDL Judge Eldon E. Fallon has granted a motion preliminarily approving a nearly $55 million settlement announced in June by Banner Supply Co. and plaintiffs who sued the company for drywall-related damages. In re: Chinese-Manufactured Drywall Products Liability Litigation, MDL No. 2047 (E.D. La.).
Despite opposition from builders, Judge Fallon announced during a regularly scheduled status hearing July 14 that he would approve the deal, which is being funded exclusively by proceeds from Banner's available insurance coverage. A hearing on final approval will be scheduled for later this year.
The Banner settlement was announced exactly …
UPCOMING CONFERENCES
HarrisMartin’s Artificial Stone Silicosis Epidemic Litigation Conference
January 10, 2025 - Long Beach, CA
The Westin Long Beach