Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit [Reuters]
Johnson Controls International plc Ordinary Share (JCI)
Last johnson controls international plc ordinary share earnings: 5/1 06:00 am
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Source: Reuters
, opens new tab said on Friday its subsidiary had agreed to a $750 million settlement with some U.S. public water organizations that had detected "forever chemicals" allegedly associated with the use of certain products made by the company. The settlement does not constitute an admission of liability or wrongdoing by Tyco Fire Products, Johnson Controls disclosed in a regulatory filing, adding that a charge for the amount was recorded in the second quarter ended March 31. In 2023, lawsuits associated with "forever chemicals" or PFAS, which do not easily break down in the human body or environment, led to over $11 billion in settlements. Earlier this month, 3M received a court approval for its $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals." On Thursday, the U.S. Environmental Protection Agency finalized the first federal regulations on toxic "forever chemicals" in drinking water, setting tight lim
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News
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JCI
Earnings
- 1/30/24 - Beat
JCI
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 144
- 4/19/24 - Form 8-K
- JCI's page on the SEC website