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SETTLEMENTS REACH $95 MILLION IN HUGE STRINGFELLOW TOXIC WASTE SITE CASE -- PARTIAL SETTLEMENT ANNOUNCED IN RIVERSIDE, CALIF., LITIGATION --

 NEW YORK, Feb. 26 /PRNewswire/ -- After several months of trial and eight years of litigation, attorneys for approximately 4,000 plaintiffs joined with attorneys for Alcon Aluminum Corporation, the Deutsch Company, McDonnell Douglas Corporation, Montross Chemical Corporation of California, Northrop Corporation, Quantum Chemical Corporation, Quemetco, Rockwell International, Rohr Industries, Inc. and the County of Riverside, Calif., in announcing a partial settlement of Penny Newman, et al. vs. J.B. Stringfellow, et al., the consolidated toxic waste site litigation (Riverside Superior Court No. 165994 MF, etc.) being presided over by Superior Court Judge E. Michael Kaiser. The agreement in principle was entered into with the assistance of Superior Court Judge Victor Miceli.
 The settling defendants have agreed to pay $43.6 million, which brings total recoveries to date to approximately $95 million, including interest.
 Melvyn I. Weiss of Milberg Weiss Bershad Specthrie & Lerach, lead attorneys for the plaintiffs, stated, "The Stringfellow waste dump trial, which involves the first 17 plaintiffs, will continue against the State of California and Rainbow Canyon Manufacturing Company, one of the dumpers of waste material. The settlements we are announcing today, together with those previously obtained, represent a major achievement." Mr. Weiss also stated, "Since the State of California was responsible for the original selection of the site, and was supervisor of the waste dump during its operation and after it closed down, it is appropriate that the jury be able to decide the damage issues against the state unencumbered by the presence of the other defendants."
 The settlement, which has been preliminarily approved by the Stringfellow Plaintiffs' Steering Committee, must go through various approval steps requiring further Riverside Superior Court participation.
 -0- 2/26/93
 /CONTACT: Melvyn I. Weiss of Milberg Weiss Bershad Specthrie & Lerach, 909-369-0240/


CO: Milberg Weiss Bershad Specthrie & Lerach ST: California IN: SU:

KD-LD -- NY062 -- 7805 02/26/93 17:31 EST
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Date:Feb 26, 1993
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