Fire protection company Kidde-Fenwal files for bankruptcy citing PFAS lawsuits

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that 'forever chemicals' in its firefighting foam products have contaminated water sources around U.S. airports and military bases.

, to face a bellwether trial in June in South Carolina federal court, where AFFF litigation has been consolidated.

AFFF was jointly developed by 3M and the U.S. military in the 1970s, and has primarily been used to quickly extinguish burning fuel fires at military bases and airports, according to court documents. Carrier Global said Monday that it would support Kidde-Fenwal's efforts to find a buyer in bankruptcy, and that all proceeds from the sale would be available to pay AFFF liabilities and other claims. Carrier said there was "no assurance" that it would receive any recovery from a bankruptcy sale.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines