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Published in House and Home on Friday, March 25th 2011 at 11:35 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
MCCULLOM LAKE, Ill.--([ BUSINESS WIRE ])--Layser & Freiwald, a Philadelphia law firm, and Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions with a manufacturing plant in Ringwood, IL, jointly announced today that more than $815,000.00 would be distributed to charities in McHenry County.
"You can be assured that we will be good stewards of the funds in the fight against cancer!"
The money is what remains of a fund established when Modine and a group of McCullom Lake residents settled Modinea™s portion of a case involving Modine and its neighbor, Rohm & Haas in 2008. As part of that settlement, a $1.4 Million fund was established to reimburse the costs of medical monitoring. The time allowed for such medical monitoring has expired, leaving more than $815,000.00 in the fund.
The attorney for the plaintiffs in the case, Aaron J. Freiwald, worked with Modine to identify local charities to receive the remaining monies. The parties made a joint proposal to United States District Judge Gene E.K. Pratter in Philadelphia, as to the charities and the amounts to be received by each charity.
Yesterday, Judge Pratter ordered that Gavers Community Cancer Foundation, Johnsburg Education Partnership Foundation Inc., McHenry County Community Foundation, McHenry High School District 156 Foundation Inc., and Neighbors Helping Neighbors Charity, NFP receive the monies.
Under the judgea™s order, Gavers will receive at least 50%, exceeding $407,500; McHenry County Community Foundation will receive more than $163,000. The other three charities are eligible to receive more than $81,500 each, provided they meet certain requirements established by Judge Pratter regarding their charitable status. Any amounts that dona™t go to one of these three charities will be paid to Gavers.
Commenting on the distribution, Thomas A. Burke, Modinea™s President and Chief Executive Officer, said, aWea™re pleased medical monitoring was available and that the balance of money will be put to work in McHenry by these charitable organizations. As a long-time corporate citizen in McHenry County, we highly value our relationship with the community.a Modine employs approximately 175 people at its plant on Ringwood Road.
aThe medical screening program was a success in many ways and now these funds can continue to serve the people of McCullom Lake and all of McHenry County by providing financial support for cancer screening, education and other needed community services,a added Mr. Freiwald, who represented the McCullom Lake class plaintiffs in the legal action.
Andy Hartlieb, Vice President of Gavers, was thrilled when he learned of the news from Modine and Freiwald, noting, aYou can be assured that we will be good stewards of the funds in the fight against cancer!a Gavers invited Freiwald and Modine to attend their annual Barndance fundraiser on July 16th at Emricson Park in Woodstock, Illinois, at which time the funds will be formally presented to the organization. Presentations to the other charities will likewise occur.
About Modine
With fiscal 2010 revenues of $1.2 billion, Modine Manufacturing Company specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modinea™s products are used in light, medium and heavy-duty vehicles; agricultural, construction and industrial equipment; heating, ventilation, air conditioning and refrigeration systems; and alternative energy systems. Modine employs approximately 6,300 people at 28 facilities in 14 countries. Modinea™s stock trades on the New York Stock Exchange under ticker symbol MOD. For more information, please visit [ www.modine.com ].
About Layser & Freiwald
Layser & Freiwald, P.C. is a litigation firm in Philadelphia, PA concentrating on cases involving catastrophic injury and toxic torts. Mr. Freiwald, 48, is lead counsel for the Plaintiffs in the McCullom Lake brain cancer cluster litigation and other environmental tort cases.
