Chemtura To Pay For Pentair Product Liability Suit

Law360, New York (November 29, 2010, 8:04 PM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.