Ashland, Insurers Settle $30M Factory Explosion Case

Law360, Chicago (March 5, 2014, 4:33 PM EST) -- Specialty chemicals manufacturer Ashland Inc. has settled with insurers and individuals who sued over a 2006 factory explosion that allegedly caused more than $30 million in damage to surrounding residential areas, according to a Wednesday filing in Massachusetts federal court.

In a one-page order, U.S. District Judge Denise J. Casper dismissed the case in light of a settlement the parties reached. The judge added that the case could be reopened within the next 45 days if the settlement isn’t consummated.

The terms of the deal, however,...
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