Blitz, Wal-Mart Close In On $162M Deal In Gas Can Litigation

Law360, Chicago (December 20, 2013, 3:21 PM EST) -- Bankrupt Blitz USA Inc. and its former top customer, Wal-Mart Stores Inc., have won peace in sprawling personal injury litigation over the defunct company’s gasoline containers after several plaintiffs agreed to ditch their objections to a nearly $162 million settlement, according to court documents filed Wednesday in Delaware.

The hold-out plaintiffs — whose lawsuits in Texas were part of a wave of litigation claiming Blitz’s plastic gas cans were prone to catching fire or exploding — signed on to an agreement backing Blitz’s bankruptcy plan based...
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