At least $2.9 million could fuel studies in a proposed settlement between West Virginia businesses and residents and the company that contaminated their water supply.
The deal between lawyers for Freedom Industries and businesses and people who sued Freedom was filed last Friday in Charleston federal court. It needs approval in both U.S. district and bankruptcy court.
The agreement would settle 24 lawsuits against Freedom. Many businesses sued to recoup profits they lost while shuttered for days. A January tap-water ban affected 300,000 people.
The money would come from Freedom’s insurance policy. A board will decide how to spend it, with long-term health studies a possibility.
Attorney Anthony Majestro, representing some plaintiffs, says parties can opt out and file bankruptcy claims.
The agreement was first reported by The Charleston Gazette.
Was this article valuable?
Here are more articles you may enjoy.
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster? 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
