Payouts Begin in Class Action Filed Over Dam Flooding |
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Settlement funds have been released to a majority of flood victims who filed a class-action lawsuit against the Grand River Dam Authority (GRDA), according to an attorney representing the plaintiffs. Payments were disbursed following a late Feb. 27 hearing which concluded a long legal battle between Ottawa County, Oklahoma residents who suffered repeated flooding in a three-year period and GRDA.
According to GRDA, 88 of 94 claims involving more than 100 individuals have been settled and will be paid from a $9 million sum. The disbursement of funds comes nearly a dozen years after local land owners sought compensation from GRDA for damage incurred in 14 flooding events between November of 1992 and June of 1995 - only one of which was determined by a hydrologist to be an “overwhelming natural event.”
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Other Environmental Cases of Interest
All molds have the potential to cause health problems. A class action has been filed against the city and county of Denver, Colorado, on behalf of all persons who have been exposed to the allegedly poor environmental conditions at Denver International Airport since the facility opened in February 1995, citing violations of state environmental laws. A class action has been filed against El Dupont, Incorporated and several of its affiliates for environmental contamination. The plaintiffs allege that their properties have been invaded by, and that they have been exposed to, hazardous substances released as a result of El Dupont's conduct at the former zinc production facility known as the Spelter Smelter facility in Harrison County, West Virginia and seek compensatory and punitive damages and the establishment of a medical monitoring program to diagnose diseases associated with the exposure of hazardous substances. A class action has been filed against Trex Company, Inc. (NYSE:TWP), certain of its officers and directors by stockholders who purchased the company's common stock between October 25, 2004 and June 22, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Accoring to a complaint filed September 28 in Illinois, oil companies tricked Congress into passing dangerous amendments to the Clean Air Act 15 years ago.
The Illinois attorney that filed the proposed class action suit claims that Shell Oil, Exxon and Mobil persuaded Congress to adopt a new recipe for gasoline although the oil companies knew an ingredient would contaminate groundwater. Developer D.R. Horton is lead defendant in a class-action complaint that accuses it of failing to disclose toxic hazards in its Hidden Oaks subdivision in Simi Valley. Horton and codefendants Western Pacific Housing, JLC Associates and four individuals allegedly sold new homes without disclosing dangerous environmental hazards from the nearby Rocketdyne Santa Susana Field Laboratory, a 2,800-acre rocket, nuclear and engine research and testing facility. Diversification of your stock portfolio can’t protect you from inside traders. A class action has been filed against hazardous waste management company Clean Harbors, Inc. (Nasdaq: CLHB) and certain of its officers and directors by stockholders who purchased the company's common stock between November 19, 2002, and August 14, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.
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