Today, the national law firm Baron & Budd, P.C. announced final approval of a nationwide class action settlement with Monsanto Company, Pharmacia, LLC, Solutia, Inc., and Bayer arising from environmental contamination caused by PCBs. The $537.5 million settlement provides cash payments to a class of 2,442 government entities across the country.
“This settlement will provide funds directly to public entities burdened with reducing PCBs from stormwater and sediment,” said Co-Lead Class Counsel and Baron & Budd Shareholder Scott Summy. “This groundbreaking settlement marks the first time a product manufacturer will pay damages for stormwater contamination, and the class members include counties, cities, ports and other government entities.”
“PCBs are one of the largest water contaminants in the world,” said Co-Lead Class Counsel and Baron & Budd Shareholder John Fiske. “These funds are intended to monitor and remove PCBs from stormwater that contaminates water. Some class members will receive millions of dollars to reduce PCB pollution.”
Read the source article at bakersfield.com