i would think that the mylar being bunched up would affect the sound . i would check to see if there was any warranty first. otherwise call logan to see what that panel cost. good luck.
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Kirk's advice is good. Martin Logan sells their panels at reasonable prices. Get the serial numbers off the panels before you call, they may be in warranty (although it does not sound like a manufacturing defect to me) or you may only need to replace the one panel. Jim Powers at Martin Logan can tell you for sure.
Just had a panel replaced on an Aerius i which is good. However.....
when I hooked her up, the new panel overpowered the other speaker throwing the balance way off. My dealer feared that that would be the case thus my other speaker gets a new panel tomorrow.
Fortunately, I bought his demos and will now have a 'new' set of speakers two years later.
Bottom line in my experience? Replace panels in pairs.