Judge Rejects Settlement Over Toxic Housing Site Rejected

Efforts to resolve the years-long legal battle over the toxic cleanup of the Hunters Point Shipyard just hit another snag as a federal district court judge just denied a proposed settlement in the case. If you don't already know, the Hunters Point Shipyard development has been marred with scandal after it was alleged that Tetra Tech, the contractor retained to clean up the toxic waste at the site, falsified their cleanup records. Lawsuits were filed left and right, and just a few months ago, Lenar and Five Point Holdings filed a motion to approve a proposed settlement with plaintiffs plaintiffs who are residents at the site for $5.4 million. Because it was a class action, a judge had to approve the settlement as fair and reasonable, and the judge just did exactly the opposite. He rejected the settlement as unfair and unreasonable, way too small of a sum payout to resident class members. He also accused the attorneys for the parties filing the motion of collusion against Tetra Tech. So he's basically sent all the parties back to the negotiating table. We'll see what, if anything, they come back with, or if they decide to just continue fighting it out in court. Let me know what you think in the comments and follow me for more Bay Area real estate Thank you.