FOR IMMEDIATE RELEASEPress Release # 038
California Federal Judge approved $537.5 million class settlement
A California federal judge has granted final approval of a $537.5 million class settlement that the City of Long Beach and other city, county and state governments throughout the country reached with Bayer AG's Monsanto Company and its subsidiaries to resolve allegations that the localities face increased costs due to Monsanto's contamination of waterways and harbors with polychlorinated biphenyls (PCBs) over the last several decades. (City of Long Beach v. Monsanto Company.) The City of Long Beach is anticipated to receive the largest allocation given to any class member - $7.5 million dollars.