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Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit
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Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit
Apr 12, 2024 6:56 AM

April 12 (Reuters) - Johnson Controls ( JCI ) said on

Friday its subsidiary had agreed to a $750 million settlement

with some U.S. public water organizations that had detected

"forever chemicals" allegedly associated with the use of certain

products made by the company.

The settlement does not constitute an admission of liability

or wrongdoing by Tyco Fire Products, Johnson Controls ( JCI ) disclosed

in a regulatory filing, adding that a charge for the amount was

recorded in the second quarter ended March 31.

In 2023, lawsuits associated with "forever chemicals" or

PFAS, which do not easily break down in the human body or

environment, led to over $11 billion in settlements.

Earlier this month, 3M received a court approval for its

$10.3 billion settlement with a host of U.S. public water

systems to resolve water pollution claims tied to "forever

chemicals."

On Thursday, the U.S. Environmental Protection Agency

finalized the first federal regulations on toxic "forever

chemicals" in drinking water, setting tight limits on the amount

of PFAS present in public water.

Tyco expects to pay $250 million in settlement by May, and

the remaining $500 million after six months of the preliminary

court approval of the settlement.

The preliminary approval is expected around mid-May from the

United States District Court for the District of South Carolina,

a multi-district legislation court.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini

Ganguli)

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