Calgon Carbon Settles ADA-ES Lawsuit
PITTSBURGH, PA – 12/21/2010
Calgon Carbon Corporation (NYSE: CCC) announced today that it has reached a settlement agreement with ADA-ES, Inc. (ADA-ES) pursuant to which Calgon Carbon will pay ADA-ES $7.2 million in return for the satisfaction of the $12.0 million adverse judgment against Calgon Carbon on July 29, 2010 in the United States District Court for the Western District of Pennsylvania in Calgon Carbon Corp. v. ADA-ES, Inc. The Company had fully accrued for this verdict as of June 30, 2010.
Commenting on the settlement, John S. Stanik, chairman, president and chief executive officer of Calgon Carbon, said, “We are pleased to put this matter behind us as part of an ongoing effort to resolve outstanding legal and environmental contingency matters.”
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.
For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit dev.calgoncarbon.com.
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