PERRINE V. DU PONT DE NEMOURS AND COMPANY SETTLEMENT
Below, please find a summary of Settlement milestones for August 2016:
During the month, much was accomplished in carrying out both the Medical Monitoring Program and the Property Clean-Up Program, after timely beginning on November 1, 2011. The Property Clean-up, itself, was completed in June 2016, and the Settlement is now conducting remaining repairs to remediation impacted properties, Spelter road repairs necessitated by the remediation, and infrastructure improvements recently approved by the Court, as described below. Phase 3 of the Medical Monitoring Program (a phase is conducted every two years) is winding up.
On August 31, 2016, we held a quarterly Finance Committee Meeting at the Spelter, West Virginia Fire Station, and Dixon Hughes Goodman, LLP, our outside auditor, presented the results of its 2015 outside financial audit of the Settlement.
A. MEDICAL MONITORING PROGRAM
Round 3 of testing began November 1, 2015, and, as August 2016 came to a close, 554 Claimants had scheduled appointments in Round 3 of testing. Testing is virtually completed for Round 3. We held a quarterly meeting of the Program on August 31, 2016, with the main topics being discussion of the future of the Program in light of the low Claimant participation rate, and selection of the Medical Panel for the Program, which is required by a previous Court Order to be done on the 5th anniversary of the Program, which is November 1, 2016.
B. PROPERTY CLEAN-UP PROGRAM
Remediation of the Class Area was completed in June 2016, with the Settlement now turning to post-remediation winding-up matters described below.
In August, we continued to prepare for the final phase of the Property Clean-Up prior to the payment of a dividend and we continued working on the Road Improvement Program. J.F. Allen, the successful bidder for the Road Improvement Program, has also provided quotes for making infrastructure improvements in Zone 1A, that were requested by the Claimants.
The approximately $4 Million surplus distribution Fairness Hearing was held on June 22, 2016, at 8:30 a.m., as scheduled. About 50 Claimants attended the hearing and 6 spoke to the Court. An Order was issued by the Court on this matter on July 13, 2016, approving all Spelter infrastructure improvements requested by the Claimants and the payment of the balance to the Claimants as a dividend. The Order is on the website.
We continued to have weekly update calls with NCM, focusing on post-remediation issues.
C. ADDITIONAL MILESTONES
Through August 31, 2016, there have been approximately 18,462 telephone calls from Claimants to the Claims Office, and 8,254 Claims Office visits by Claimants.