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Court Grants Final Approval to $5.5 Million Class Settlement Agreement with Holian Insulation Co., Inc., bringing to $100 Million the Total Recovery in the Chemtool Fire Class Action Lawsuit

Court Grants Final Approval to $5.5 Million Class Settlement Agreement with Holian Insulation Co., Inc., bringing to $100 Million the Total Recovery in the Chemtool Fire Class Action Lawsuit
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On October 23, 2025, the Honorable Stephen E. Balogh, Associate Judge of the 17th Judicial Circuit, Winnebago County, Illinois, granted the joint motion of the class plaintiffs and defendant Holian Insulation Company, Inc. for final approval of their proposed Class Action Settlement Agreement which requires Holian to pay a total of $5.5 million to the class.  A copy of the Court’s order may be accessed here.  The October 23, 2025 order comes approximately one year after the Court gave final approval to a separate $94.5 million settlement agreement between the class plaintiffs and defendant Chemtool, Incorporated.  These two settlement agreements resolve claims against Chemtool, its parent company, The Lubrizol Corporation, and Holian, resulting from a fire and series of explosions that occurred in June 2021 at Chemtool’s grease and lubricant manufacturing facility in Rockton, Illinois and bring the total recovery for the class to $100 million.

The class plaintiffs are represented by Miner, Barnhill & Galland’s Robert Libman and Roisin Duffy-Gideon, together with co-lead counsel Daniel Rock Flynn of DiCello Levitt, and Robert M. Foote of Foote, Mielke, Chaves & O’Neil, LLC, along with the plaintiffs’ executive committee members Deanna Pihos of Miner, Barnhill & Galland, Edward J. Manzke of the Collins Law Firm, P.C., Steven Hart of Hart McLaughlin & Eldridge, LLC, and class liaison counsel Marc C. Gravino of Williams McCarthy LLP.

Gadiel Castro-ZapataCourt Grants Final Approval to $5.5 Million Class Settlement Agreement with Holian Insulation Co., Inc., bringing to $100 Million the Total Recovery in the Chemtool Fire Class Action Lawsuit