DuPont Agrees To Settle In Teflon SuitSep 9, 2004 | AP
DuPont agreed to a settlement Thursday that could be worth more than $340 million to resolve a class action lawsuit alleging the chemical giant contaminated a West Virginia community's water supply with a key ingredient used in its Teflon products.
A circuit judge must still approve the terms reached between DuPont and lawyers for as many as 60,000 area residents who sued over exposure to the chemical C8, also known as ammonium perfluorooctanoate or PFOA.
The settlement, which must be approved by a Wood County Circuit Court, calls for cash payments and expenditures of $85 million, as well as attorneys' fees and expenses of $22.6 million.
The settlement also calls for DuPont to fund a $5 million study into whether C8 causes disease in humans. If a scientific panel finds such a link, DuPont would pay up to $235 million the bulk of the potential settlement on medical monitoring testing of residents.