Baron & Budd Obtains Court Approval for $550 Million Class Settlement Between Governmental Entities and Monsanto
LOS ANGELES, CA (ClassActionDaily) Today, the national law firm of Baron & Budd, P.C. announced a preliminary court approval for the nationwide class action settlement with Monsanto Company, Pharmacia, LLC, and Solutia, Inc. for $550 million, resolving national PCB water contamination claims for a proposed class of 2,528 governmental entities.
Judge Fernando M. Olguin issued the preliminary approval for the PCB class settlement in federal court in the Central District of California. The Court has certified the Class and appointed Baron & Budd attorneys Scott Summy, John Fiske, and Carla Pickrel as Lead Class Counsel.
Since March 2015, Baron & Budd’s attorneys have filed over a dozen lawsuits on behalf of governmental entities seeking cost recovery for storm water and environmental contamination that the Plaintiffs allege to have been caused by chemicals known as polychlorinated biphenyls (PCBs), which Monsanto manufactured between the 1930s and 1970s. The cases were collectively litigated for over 5 years and were mediated and resolved through JAMS Mediator Judge (Ret.) Jay Gandhi.
“We are pleased with the Court’s decision to move forward with the preliminary approval in this nationwide case,” said Baron & Budd Shareholder Scott Summy. “This puts us one step closer to providing relief to the public entities whose storm water systems and ecosystems have been so harmfully affected by PCBs.”
The proposed class action will provide all class members with a monetary benefit and will additionally provide funds for those governmental entities that have incurred or will incur significant expenses to protect and remediate America’s waterways, sediment, and storm water systems.
The settling named class plaintiffs leading the nationwide resolution include the City of Spokane, City of Tacoma, the City of Portland, the Port of Portland, the City of Berkeley, the City of Oakland, the City of San Jose, County of Los Angeles, City of Long Beach, City of San Diego, City of Chula Vista, City of Baltimore, and Baltimore County.