sanofi-aventis

Pharmaceutical company comments on chemical manufacturer Rhodia's legal steps

Published in Pharma Law Weekly, February 15th, 2005

Rhodia announced that it has commenced legal proceedings in the United States of America and Brazil against sanofi-aventis as former owner or operator of the Silver Bow (United States of America) and Cubatao (Brazil) sites to seek to obtain compensation for environmental liabilities related to these 2 sites.

Aventis and Rhodia signed a final settlement agreement on March 27, 2003 pursuant to which the 2 companies settled all claims in connection with the Environmental Indemnification Agreement signed by aventis and Rhodia in 1998. Pursuant to this settlement agreement, which was publicly disclosed, aventis made a final payment to Rhodia in 2004.

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Source: Pharma Law Weekly (2005-02-15)

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