Thursday February 23
Three Paint Manufacturers Found Liable in Lead Paint CaseA jury in Rhode Island ruled on February 22 that three former lead paint maanufacturers, the Sherwin-Williams Company, Millennium Holdings LLC, and NL Industries Inc., were liable for creating a public nuisance and poisoning children, and must clean up lead paint in the state.
The verdict makes the companies that once manufactured lead paint liable for potentially millions of dollars in cleanup costs.
Shares in Sherwin-Williams, maker of Dutch Boy, Krylon, and Duron paints, fell 17 percent on the verdict.
The Sherwin-Williams Company issued a press release commenting on the verdict: "The jury verdict in the Rhode Island trial against the Sherwin-Williams Company is only a part of a long legal process. We continue to believe that the facts and the law are on our side. The Court still has to rule on various remaining issues before the next steps in the legal process can be determined. Additional court proceedings will be held next week. Sherwin-Williams will continue to vigorously defend itself."
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