[CPEO-MEF] Aerojet (Rancho Cordova, CA) perchlorate settlement

["lsiegel@cpeo.org" <lsiegel@cpeo.org>]

GenCorp settles pollution case for $25M

by Adam Weintraub
Sacramento Business Journal (CA)
May 15, 2006

Rocket-maker Aerojet-General Corp. has agreed to settle for $25 million
with a group of plaintiffs who alleged they were harmed by groundwater
contaminated by rocket fuel near Aerojet's headquarters outside Rancho
Cordova, the company said Monday.

A jury last week had found against Aerojet in the case and set damages at
more than $14 million. The settlement puts an end to the case before a
second phase of the trial, which would have weighed whether to impose
punitive damages on the aerospace and defense subsidiary of GenCorp Inc.

The parties in the case are to submit the settlement agreement for review
by Sacramento Superior Court Judge Patricia Esgro by June 30.

...

For the entire article, see
http://www.bizjournals.com/sacramento/stories/2006/05/15/daily6.html

--

Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
http://www.cpeo.org


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