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Class-action asbestos lawsuit settles for $140 million

A company recently agreed to pay up to $140 million to settle a personal injury lawsuit stemming from its use of attic-insulating product that contained asbestos. The company will pay $30 million cash into a trust fund, an additional $30 million cash after three years, and make up to 10 additional annual payments of $8 million if certain conditions are met to resolve the asbestos personal injury claims.

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