BANNER SETTLES - $55 MILLION
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At today’s status conference in the MDL, attorneys announced a preliminary
settlement
with Banner Supply in the amount of $55 million. This settlement,
if approved by Judge Fallon, will apply to all homeowners whose drywall
was supplied by Banner regardless of the brand of drywall.

This is very significant news as this is the first settlement that includes
homeowners with Taishan drywall. Settlements with other parties in the
supply chain are expected in the near future.