OMAHA, Neb., Jan. 6, 2017 /PRNewswire/ -- Watts Regulator Co. ("Watts") and Plaintiffs announced two settlements to resolve nationwide class action lawsuits related to Watts Water Heater and FloodSafe brand connectors that allegedly could fail and cause water damage. Watts has stated that it believes there is nothing wrong with these connectors. The Classes include those that owned or leased a residence or other structure located in the United States containing a Watts Water Heater or FloodSafe connector after November 4, 2008.
If the settlements are approved by the judge presiding over the lawsuits, a fund will be established that will be distributed to eligible Watts customers in the Classes. Customers who have experienced water damage from leaks will be able to make a claim to be reimbursed (from the fund) for up to 25% of their documented property damage. Customers whose connectors have not leaked may replace these Watts connectors and file a claim to be reimbursed $10 for up to four Watts connectors they replace.
The total settlement amount of $14 million will pay class members for replacement of Watts Water Heater and FloodSafe connectors and reimbursement of water damage repairs, as detailed in the Settlement Agreements, and will cover notice, settlement administration expenses, and attorneys' fees and expenses as ordered by the Court. The Settlements are subject to court approval, which will be the subject of a hearing currently scheduled on April 12, 2017. Also, class members have until March 7, 2017, either to exclude themselves from the litigation or object to the Settlements.
For more information or to obtain a Claim Form, visit the Settlement website, www.ConnectorSettlements.com, or call 1-877-845-3575.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/owners-of-floodsafe-or-water-heater-connectors-made-by-watts-regulator-co-could-claim-benefits-from-two-class-action-settlements-300387174.html
SOURCE United States District Court for the District of Nebraska