October 28, 2008

PENTAIR INC: $35M Settlement Paid to Celebrity Cruise Last Aug.

COMPANIES: Celebrity Cruise Lines Inc | Essef Corp | Pentair Inc
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Celebrity Cruise Lines, Inc.’s lawsuit against Pentair, Inc.’s subsidiary Essef Corporation and certain of its subsidiaries was settled by payment of US$35 million to Celebrity in August 2008, a portion of which was covered by insurance.

On July 8, 2008,…

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