Law360, New York (November 29, 2010, 8:04 PM ET) -- Chemtura Corp., recently emerged from bankruptcy, will pay nearly $800,000 to cover Pentair Water Pool and Spa Inc.'s legal costs in a product liability suit over defective pool filters, drawing from a $2 million reserve set aside during bankruptcy proceedings.
In a stipulation and order entered Monday in the U.S. Bankruptcy Court for the Southern District of New York, Chemtura agreed to pay $798,306.43 within 60 days of Pentair providing "reasonable documentation" of its costs to defend the suit.
The payment is not an admission that...
Chemtura To Pay For Pentair Product Liability Suit
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