Lake Bluff joins other North Shore communities in accepting PCB settlement with Monsanto
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Summary
The Village of Lake Bluff voted to accept a negotiated settlement in City of Evanston v. Monsanto that provides guaranteed and contingent payments to municipal plaintiffs; the board approved the resolution by roll call.
The Lake Bluff Village Board voted Nov. 24 to accept a negotiated settlement tied to PCB contamination litigation involving Monsanto and other manufacturers.
Chair reported Lake Bluff is a co-plaintiff in City of Evanston v. Monsanto and that the negotiated global settlement offers guaranteed and contingent payments that exceed what the village would have received from the 2022 class action settlement it opted out of. The chair outlined guaranteed payments of $97,570 payable on final approval and $78,056 payable by the end of 2026, plus a contingent future compensation structure that ranges from $68,299 to up to $341,494 depending on outcomes of related indemnity litigation.
The board voted by roll call to adopt a resolution accepting the settlement agreement. Staff said figures were calculated using impervious-surface acreage as the allocation metric across the participating municipalities; no trustee opposed the resolution during the recorded roll call.
