Chemtura Settles Coal Tar Pitch Claims For $4.7M

Law360, New York (August 23, 2011, 5:59 PM EDT) -- Formerly bankrupt Chemtura Corp. on Tuesday reached a $4.7 million settlement in New York with 37 Chapter 11 claimants who said they were injured by exposure to coal tar pitch, a hazardous residue produced during the distillation of coal tar. 

U.S. Bankruptcy Judge Robert E. Gerber signed off on the deal, discharging Chemtura from contribution claims but preserving the rights of the claimants to pursue other defendants in coal tar pitch suits pending in the Court of Common Pleas of Allegheny County, Pa.

"Chemtura is hereby...
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