To avoid long litigation, a plastics company in upstate New York has agreed to settle a class-action lawsuit seeking damages after the company polluted well water with a toxic chemical.
Sources said Taconic Plastics has agreed to pay $23.5 million to the residents of Rensselaer County whose drinking water was contaminated with a manufacturing chemical.
Based on the settlement offer, some funds will be allocated to pay Petersburgh property owners and to set up a 15-year medical monitoring program for individuals who had a certain level of perfluorooctanoic acid, or PFOA, detected in their blood.
Medical studies have shown that exposure to PFOA has been linked to cancer and other illness.
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