Tetra Tech subsidiary to pay $97M to settle Hunters Point environmental remediation claims

TETRA TECH INC

TtEC agreed to pay $57M for False Claims Act and $40M for CERCLA claims, total $97M, to resolve civil litigation over Hunters Point Naval Shipyard.
Settlement includes no admission of liability; consent decree subject to 30-day public comment period and court approval.
Settlement does not resolve third-party private plaintiff claims; TtEC litigating with insurance carrier for possible reimbursement.
Payment expected from cash on hand and credit facility draw.

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