MIAMI (AP) - A supplier of defective Chinese drywall has agreed to settle its part of a class-action lawsuit brought by 79 South Florida homeowners.
Attorneys said Tuesday that Banner Supply Corp. agreed to pay a confidential amount to the homeowners. That means four cash settlements have been reached with defendant companies in the case, for a total of $9 million.
A drywall maker has also agreed to replace its product in homes in this Florida case and pay an additional amount to homeowners for related expenses. Attorney Victor Diaz say homeowners can choose between that settlement or continuing the lawsuit.
Chinese drywall installed in thousands of homes in Florida and elsewhere has caused problems ranging from a foul odor to corrosion of pipes and wiring.
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