Monsanto Plans $280M for PCB Personal Injury Settlements
Law360, New York (October 5, 2016, 2:06 PM EDT) -- Monsanto Co. on Wednesday told investors in a quarterly earnings report that it has set aside $280 million to potentially settle all legacy personal injury claims from polychlorinated biphenyls, including those on appeal.
A previous corporate incarnation of the agricultural giant was once the principal North American manufacturer of the ubiquitous chemical, found in sealants, caulks, insulating fluids and other industrial uses, until 1977, two years before it was banned by the U.S. government.
"In September, after diligent efforts, the company reached an agreement to potentially settle all the legacy PCB personal injury claims, including those on appeal," the company said...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!