MDL Plaintiffs Reach $190 Million Deal With Bankrupt AFFF Company

Drinking water providers and airports are poised to receive a total of $190 million to resolve PFAS-contamination claims in multidistrict litigation (MDL) against a firefighting foam company that has filed for Chapter 11 bankruptcy protection, if the MDL judge approves the recently announced settlements. The planned settlement is outlined in documents Kidde-Fenwal Inc. (KFI) filed with a federal bankruptcy court in Delaware and filings Carrier Global Corp. made to the Securities and Exchange Commission (SEC), noting that drinking water providers...