(Reuters) – German chemical company BASF SE on Thursday agreed to pay $72.5 million to settle a class action fraud lawsuit over allegations its talc contained asbestos and caused lung injuries and cancer, court documents showed.
Under the agreement, compensation from the settlement fund can be received by those who filed a lawsuit against the company between March 1984 and March 2011 over asbestos-related injuries, but had their lawsuit dismissed or voluntarily dismissed it.
