Erie County will receive $1.3 million as a result of a lawsuit against the Celotex Corporation according the County Attorney Cheryl Green.
Celotex Corp. filed for Chapter 11 bankruptcy in 1990 as a result of thousands of asbestos claimed filed against the company. Claims related to both personal injury and property owners whose building contained Celotex asbestos fibers.
As a plaintiff, Erie County filed upon property damage grounds. Green detailed that a class action settlement was established for $1.2 million and interest. This amount, however, does not represent enough to pay for all asbestos cleanups in county properties. Removal of asbestos materials from a single floor of the Rath building, for instance, totaled nearly $400,000.
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