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PITTSBURGH, Pa. - Koppers Holdings Inc., a maker of wood treatment products and chemicals, said Wednesday it received a favorable ruling related to a civil lawsuit in Mississippi.
| KOP | 22.25 |  2.21 |
Koppers said the U.S. Court of Appeals for the Fifth Circuit reversed a jury verdict that said it was responsible for 20 percent of damages sought by the estate of a Grenada, Miss., woman.
Koppers portion of the original compensatory damages amounted to $169,000, later reduced to $157,000.
The case was the first lawsuit to go to trial in a number of lawsuits relating to the company's wood-treating plant in Grenada, Miss.
Koppers said the Fifth Circuit ruling may lead to the dismissal of other lawsuits filed after the expiration of the Mississippi statute of limitations.
Shares fell 13 cents to $42.59 in morning trading.
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