[CPEO-BIF] "IBM values TCE claims at $14 million, " Endicott, New York

[Lenny Siegel <lsiegel@cpeo.org>]

BM values TCE claims at $14 million
Payments depend on severity of health, property value impact

By TOM WILBER
Binghamton Press & Sun-Bulletin (NY)
October 11, 2015

After more than 10 years of waiting, plaintiffs seeking damages from exposure to toxic chemicals seeping from a former IBM site in Endicott were advised by their counsel last spring to settle for 40 percent of their claims, according to documents obtained by the Press & Sun-Bulletin.

The settlement totaled $13.75 million for 440 plaintiffs suing IBM for personal injury and property damage from solvent pollution coming from the microelectronics site on North Street. A draft of the settlement proposal and an explanation of terms were outlined in documents obtained by the Press & Sun-Bulletin.

Claimants suffering the most severe diseases associated with TCE exposure in homes that sat over the pollution and parties with substantial claims of devalued property and reduced incomes were offered the largest sums. Plaintiffs included churches, businesses and other institutions as well as residents living in 300 acres just south of the plant in the heart of the village.

…

For the entire article, see
http://www.pressconnects.com/story/news/2015/10/11/ibm-values-tce-claims-14-million/73537722/

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org

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