This Day On The Street
Continue to site
ADVERTISEMENT
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs