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SAN JOSE, Calif. - (Mealey's) The attorneys representing 15 plaintiffs, including various California municipalities, that sued the former makers of lead-based paint in state court announced June 23 that Millennium Holdings LLC will pay $8.7 million to settle the claims against the company and be released from the lawsuit (County of Santa Clara California, et al. v. Atlantic Richfield Co., et al., No. 00-cv-788657, Calif. Super., Santa Clara Co.).
Ventura County, Santa Clara County, Santa Cruz County, San Diego County, the City and County of San Francisco, the San Francisco Unified School District, the San Francisco Housing Authority, Alameda County, the City of Oakland, the Oakland Unified School District, the Oakland Housing Authority, Solano County and Kern County, sued the Atlantic Richfield Co., the Lead Industries Association Inc., American Cyanamid Co., E.I. du Pont de Nemours & Co., The O'Brien Corp., The Glidden Co., NL Industries Inc., SCM Chemicals and the Sherwin-Williams Co. in the Santa Clara County Superior Court under a public nuisance theory related to the manufacture of lead paint.
Millennium was later named as a defendant because it is the successor to Glidden.
Lyondell Chemical Co., Millennium's parent company, had filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. Lyondell's plan of reorganization was approved April 30, 2010.
Millennium's bankruptcy estate has agreed to pay $8.7 million to the California municipalities, which are collectively known as the California public entities.
[Editor's Note: Full coverage will be in the July issue of Mealey's Litigation Report: Lead. In the meantime, the settlement agreement is available at www.mealeysonline.com or by calling the Customer Support Department at 1-800-833-9844. Document #14-110713-010X. For all of your legal news needs, lease visit www.lexisnexis.com/mealeys.]
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