This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Doe Run Settles Lead Contamination Lawsuit

scale-and-gavel The Doe Run Company, the largest primary lead producer in the western world, last month won a victory in court against lawyers representing 7 children who allegedly suffered health problems due to lead contamination in St. Francois County, Missouri.a

Associated Press reported that the two parties had resolved the case outside of court, meaning it will not proceed to trial. The terms of the settlement, including the amount of compensation to victims, was not made public, as per a confidentiality agreement.

The decision came just two days after the Missouri legislature over-rode a veto of a bill that limits large punitive damage awards against Doe Run for claims stemming from old lead mining operations, according to AP.

The new law bars punitive damages related to mines that operated prior to 1975, as long as the owners make "good faith efforts" to clean them up. If they don't, punitive damages are capped at $2.5 million.

El Dolorado Springs Sun reported that the law protected 1,600 lead mining jobs and was critical for the company, which is based in St. Louis and operates a large mine in St. Francois County.

Over in Thailand, the Department of Mineral Resources is set to release a new report assessing the environmental impacts of mining lead in Kanchanaburi province, where an estimated 7.68 million tonnes of lead ore could potentially be extracted, reported Bangkok Post.

However, local Thais are nervous about the potential impacts, with fears emanating from the contamination of Klity Creek, where 10,000 tonnes of lead-contaminated sediment were found. Unexplained deaths and birth defects over the last two decade prompted local civil society groups to sue the Pollution Control Department, which was ordered by a court to clean up the area, the Post reported.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs