DynaGen.Dynagen announced a settlement has been reached in a lawsuit filed by over 1,000 Odessa residents living near the rubber-producing facility. Settlement discussions have been ongoing and an agreement was reached after Dynagen responded to the latest request from a settlement committee formed by the plaintiffs. While Dynagen denies any liability resulting from its operations, settlement of the lawsuit includes payments to the plaintiffs of $1.5 million and the establishment of 15 scholarships for local students to attend Odessa College Odessa College is a public two-year college based in Odessa, Texas serving the people of Ector County and the Permian Basin. It opened in 1952, and currently enrolls around 5,000 students annually in its university-parallel and oocupational/technical courses, and 11,000 students or the Univ. of Texas - Permian Basin The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas. It reaches from just south of Lubbock, Texas, to just south of Midland & Odessa, extending westward into the southeastern part of the adjacent state of New Mexico. . Dynagen is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Tire The General Tire and Rubber Company is an American manufacturer of tires for motor vehicles. General Tire was founded in 1915 in Akron, Ohio by William F. O'Neil. In 1943 General Tire branched out from its core business by purchasing the Yankee Network and the radio stations . |
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