Ira Rennert Settles 1,000-Plus Peru Smelter Claims for $150 Million
Updated
Updated · Bloomberg · Jun 24
Ira Rennert Settles 1,000-Plus Peru Smelter Claims for $150 Million
3 articles · Updated · Bloomberg · Jun 24
Summary
$150 million will resolve more than 1,000 claims that a lead smelter owned by Ira Rennert’s companies poisoned residents of La Oroya, Peru.
The deal was reached just before the first lawsuits were due to go to trial on June 29 in St. Louis, ending a legal fight that had stretched for nearly two decades.
Doe Run Resources Corp., Rennert’s company, said the settlement covers almost a third of the suits filed by residents of the Andean town, who had sought billions of dollars in damages.