A settlement has been reached in a $100 million lawsuit filed by businesses and residents of an upstate New York village where a toxic chemical from a former IBM plant polluted their neighborhoods.
Local media report that attorneys for the plaintiffs and Armonk, New York-based IBM announced earlier this week that the two sides had reached an out-of-court settlement in the lawsuit filed in January 2008 by property owners and residents in Endicott, just west of Binghamton.
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Details of the settlement haven't been released.
The suit claimed that a subterranean plume of trichloroethylene from IBM's former microelectronics plant in Endicott had penetrated nearby homes and shops as a toxic vapor. The vapors were first detected in 2003.
Exposure to TCE, a metal cleaning solvent, has been linked to illnesses ranging from kidney cancer to brain damage.