Form 8-K Johnson Controls Interna For: Apr 12
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Johnson Controls' (JCI) Tyco Enters $750M Settlement over PFAS
April 12, 2024 7:45 AM EDTOn April 12, 2024, Tyco Fire Products LP (Tyco), a wholly-owned, indirect subsidiary of Johnson Controls (NYSE: JCI), agreed to a settlement with a nationwide class of public water systems that detected PFAS in their drinking water systems that they allege to be associated with the use of Aqueous Film Forming Foam (AFFF) products manufactured and sold by Tyco. Under the terms of the agreement, Tyco agreed to contribute $750 million to resolve these PFAS claims. The settlement releases these claims against Tyco, Chemguard, Inc. (Chemguard) and other related corporate entities. This settlement was entered in connection with the previously... More
