KNOXVILLEâ€”The Tennessee Valley Authority announced Friday that it will pay $27.8 million to settle dozens of lawsuits filed by hundreds of plaintiffsÂ afterÂ the largestÂ ash spill in U.S. history.
The 63 lawsuits that had been pending in U.S. District Court in Knoxville involved more than 850 plaintiffs. They hadÂ asserted claims against TVA arising from the 2008 ash spill at Kingston Fossil Plant. The lawsuits will be dismissed, bringing the legal battle to an end after more than five years.
The settlement, known as a mediated global resolution, was outlined in documents submitted Friday to the U.S. District Court in Knoxville, a press release said. It comes after nearly two years of mediation ordered by U.S. District Judge Thomas Varlan. The judge must still approve it.
The mediated global resolution has been approved by the TVA board of directors. TVA will pay the $27.8 million to the court clerk to be disbursed to the plaintiffsâ€™ attorneys as ordered by the court, the release said. [Read more…]