February 24, 2012
Monsanto vows $93M to Nitro residents
Medical tests, house cleanup part of class-action settlement
Page 2 of 2
Advertiser

Urban also questioned why only 3,000 to 5,000 class members would receive any medical monitoring when there are potentially 80,000 class members.

Attorneys for both sides have until March 9 to respond to Urban's motion, the judge said.

Before an agreement in a class-action lawsuit is finalized, the members of the class must be notified of the proposed settlement and given a chance to object to its terms.

A fairness hearing has been scheduled for 9 a.m. June 18, where, Swope said, expert testimony must be presented to prove the settlement is appropriate and that the testing procedures of the medical monitoring match the benefits that originally were sought, among other things.

Class members can attend the fairness hearing to object or support the proposed settlement.

A gag order that prevents attorneys from answering any questions was lifted momentarily Friday, only to allow that a written media statement be issued.

"The settlements provide needed medical benefits and remediation services to the people of Nitro and broader community," said Stuart Calwell, the lead plaintiffs' attorney, in the prepared statement. "The principal goal of the litigation was to provide long-term medical monitoring and to provide professional cleaning of individual homes."

In the statement, Monsanto noted that the settlement would not affect ongoing earnings per share, but that the one-time expense would reduce as-reported earnings per share by .05 percent.

"These settlements ensure that both individual and community concerns are addressed, and services are made available for the people of Nitro," Monsanto Vice President Scott Partridge stated in the release. "We are pleased to resolve this matter and end any concerns about historic operations at the Nitro plant."

Reach Kate White at kate.wh...@wvgazette.com or 304-348-1723.

Recommended Stories

Copyright 2012 The Charleston Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Videos
The Gazette now offers Facebook Comments on its stories. You must be logged into your Facebook account to add comments. If you do not want your comment to post to your personal page, uncheck the box below the comment. Comments deemed offensive by the moderators will be removed, and commenters who persist may be banned from commenting on the site.
Advertisement - Your ad here
Get Daily Headlines by E-Mail
Sign up for the latest news delivered to your inbox each morning.
Advertisement - Your ad here
News Videos
Advertisement - Your ad here
Advertisement - Your ad here