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"San Francisco City Attorney Dennis Herrera said the settlement totaled $305 million.In May 2018, NL Industries reached a settlement agreement, and recorded a related $62 million pretax charge in the 2018 second quarter. Quotes delayed at least 20 minutes for all exchanges. It has since cooled off big time, and trades in the $5 range.Follow Real Money's Wall Street Pros to receive real-time investing alertsAt the time of publication, Jonathan Heller had no position in the securities mentioned.The reason that VHI has fallen recently is likely because some of its holdings have stumbled. Mr. Herrera said, "We have fought to hold these companies accountable for nearly twenty years, and will finally have needed funds to devote to protecting our children from lead poisoning."
Learn about NL Industries , including insurance benefits, retirement benefits, and vacation policy. ETF data provided by Lipper. At the time of publication, Heller was long NL.© 1996-2020 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281Forward guidance begins to become clearer at July meeting.In the meantime, NL shares have languished, down about 40% over the past year.
Earnings and ratings provided by Zacks. The data does update after 90 days if no rating change occurs within that time period.FactSet calculates the Market Cap for the basic symbol to include common shares only. However, if no rating change occurs, the data on this page does not update. Granted, the company will be parting ways with some of that cash to settle the lawsuit, to be paid out over six years, but the liability is already on the balance sheet, so there is no surprise here.TheStreet Ratings updates stock ratings daily. Market Data & Company fundamental data provided by FactSet. 1 paint maker...Disclaimer: Business & Human Rights Resource Centre and its collaborative partners take no position on the diverse views presented in linked material by the various commentators, organizations & companies.
View real-time stock prices and stock quotes for a full financial overview. Glassdoor is your resource for information about NL Industries benefits and perks. Huang said the current lawsuit is focused on NL Industries and NL Environmental Management Services Inc. "NL is the entity responsible for putting the …
KRO is down about 13% since late May, while NL shares have fallen 35% since January. However, if no rating change occurs, the data on this page does not update. The company, which trades for 5x next year's "consensus" estimates, ended its latest quarter with $111 million, or about $2.30 per share, in cash and trades for less than 0.9x tangible book value per share. The federal government banned the use of lead paint in homes in 1978. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.The Business & Human Rights Resource Centre is at a critical point in its development. NL | Complete NL Industries Inc. stock news by MarketWatch. As with any database, we cannot guarantee the factual accuracy of all the articles & reports we make available.The Rhode Island Supreme Court yesterday brought an abrupt end to the state’s nine-year campaign to force some of the nation’s major corporations to clean up the lead-based paints that the state believes poisoned tens of thousands of Rhode Island...We will soon be updating the site to improve its usability and better serve the thousands of people that use our site to support their work.Three former lead paint makers were found liable...for poisoning thousands of children in Rhode Island in a landmark lawsuit that could trigger a wave of litigation against the industry. Mutual fund data provided by Valueline.
The companies had argued that they were being penalized for truthful advertising of a product that was legal and commonly used at the time.Sherwin-Williams said that while it "continues to believe that this litigation was unfair, unwarranted and unwise, the resolution announced today will enable all parties to move forward and is in the best interests of the Company and its shareholders." NL Industries, Trading At A Massive Discount, Has Seen A Critical …
Benefits information above is provided anonymously by current and former NL Industries employees, and may include a summary provided by the employer. Joined by San Francisco in 2001, the lawsuit claimed former lead paint manufacturers NL Industries, ConAgra Grocery Product and Sherwin-Williams Company aggressively marketed lead paint, banned for residential use in 1978 but still present in millions of California homes. N.L. I took an initial position last September that I closed in late January after the stock ran up 150% more quickly than I expected. Last month, NL settled a two decade old California lawsuit regarding the lead paint issue for $60.2 million. The historic settlement arises from a 2000 public nuisance lawsuit filed by then-Santa Clara County Counsel Ann Ravel.