BIRMINGHAM, Ala. (October 15, 2007) — Vulcan Materials Co. announced Friday that it has reached a settlement with the City of Modesto, Calif., to resolve all claims of alleged perchloroethylene groundwater contamination.
Vulcan will pay Modesto $20 million to remove itself from a lawsuit filed by the city in 1998 against providers and users of perc. A judge ordered the company to pay $7.25 million in punitive damages for one phase of cleanup in the first part of the trial, decided last year.
