Lead Paint Makers Must Pay $1.15B In Hiked Judgment

By Kira Lerner (January 8, 2014, 2:02 PM EST) -- A California judge on Tuesday ordered Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC to pay $1.15 billion to fund a government-run program to address health risks posed by lead paint in California homes.

The final settlement ordered by California Superior Court Judge James Kleinberg replaces the tentative order issued last month and increases the amount the companies must pay by $50 million. The decision ends the public nuisance litigation brought by Los Angeles, San Francisco, San Diego and seven other California municipalities more than a decade ago by creating a plan to remove the paint from homes....

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