PHILADELPHIA - DuPont Co., the biggest U.S. chemical maker by market value, won a federal judge’s approval to settle class-action claims that its Imprelis herbicide damaged trees at tens of thousands of homes and golf courses.
The preliminary approval of the settlement was granted last week by U.S. District Judge Gene E.K. Pratter in Philadelphia, according to a court filing. DuPont, based in Wilmington, Delaware, agreed to remove damaged trees and pay for replacements, maintenance and warranties, according to the judge’s order.
DuPont has set aside $750 million to compensate customers for tree damage caused by the weed killer and has said the total could reach $900 million. The accrual reflects claims paid directly by DuPont and doesn’t include the class action, or group lawsuit, Chief Financial Officer Nicholas Fanandakis said in a Jan. 22 interview. (click here for more on this)