OTHER NEWS - May 31, 1995

DuPont to Settle Suit: The chemical company said it will pay $120 million to settle claims over leaky plastic pipes installed in thousands of mobile homes and other low-cost housing units. The agreement will provide as many as 930,000 homeowners with $120 to $200 each, or 8% of the cost of installing new plumbing, based on figures provided by the company. The settlement involves polybutylene plumbing, known as PB pipe and most easily recognized by its gray tint. A maximum $8.4 million will be set aside for attorney fees, subject to court approval. Lawyers for homeowners said they are still seeking billions of dollars more from two other companies, Shell Oil Co. and Hoechst Celanese Corp.