$21.5 Million Settlement In Welding Fume Litigation Announced In SEC Filing

$21.5 Million Settlement In Welding Fume Litigation Announced In SEC Filing

WASHINGTON, D.C. - A resolution agreement among the plaintiffs and the welding consumables industry settling 100 personal injury claims in the consolidated multidistrict welding fume products liability litigation in the U.S. District Court for the Northern District of Ohio and some 700 actions pending in other courts became binding on the settling defendants on April 12, and the defendants have until April 27 to contribute $21.5 million to the private resolution program established in the settlement agreement, Thermadyne Holdings Corp. informed the U.S. Securities and Exchange Commission April 18 in a Form K-8 disclosure (In re: Welding Fume Products Liability Litigation, MDL 1535, No. 03-17000, N.D. Ohio).  See prior history, 2011 U.S. Dist. LEXIS 32446. Subscribers may view the Form 8-K SEC disclosure and 8-K exhibit available within the full update.

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