UPDATE 2-Paint makers reach $305 mln settlement in California, ending marathon lead poisoning lawsuit [Reuters]
NL Industries, Inc. (NL)
US:NYSE Investor Relations:
nl-ind.com
Company Research
Source: Reuters
Paint makers reach $305 million settlement in California, ending marathon lead poisoning lawsuit OAKLAND, Calif. (Reuters) - After a 19-year legal struggle, three former makers of lead paint have agreed to a $305 million settlement with California county and city governments to mitigate poisoning dangers still present in old housing. Under the deal, disclosed in a filing in Santa Clara County Superior Court on Wednesday, defendants Sherwin-Williams, ConAgra Grocery Products Co. and NL Industries agreed to pay out the sum over six years, starting with a $75 million payment later this year. The defendant paint companies did not admit any wrongdoing under the settlement. Most of the money will go toward a remediation program to eliminate lead paint hazards in older homes across the 10 jurisdictions that participated in the suit. These include Los Angeles, San Francisco, Alameda, and Santa Clara counties, as well as individual cities such as Oakland and San Diego. During the litigation, t
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NL
Sec Filings
- 12/19/24 - Form 8-K
- 11/6/24 - Form 8-K
- 11/6/24 - Form 10-Q
- NL's page on the SEC website