Manufacturers Must Pay $1.15 Billion in Lead Paint Suit

January 7, 2014
Bloomberg

Sherwin-Williams Co. (SHW), NL Industries Inc. (NL) and ConAgra Grocery Products LLC were ordered by a judge to pay $1.15 billion to replace or contain lead paint in millions of homes after losing a public-nuisance lawsuit brought by 10 California cities and counties.

The final order issued yesterday by California Superior Court Judge James Kleinberg in San Jose, which replaces a tentative order issued last month, increased by $50 million the amount the companies must pay.

“The takeaway is that he’s affirmed his tentative and made it even stronger,” Nancy Fineman, a lawyer representing the cities and counties, said in a phone interview yesterday. The larger sum is due to changes in how Kleinberg rounded certain costs of the remediation, Fineman said, adding that the judge “didn’t change his approach at all.”  (To read the entire article, please click HERE)