Tata Steel's Dutch Arm Faces $1.6 Billion Health Damage Lawsuit

Tata Steel's Dutch subsidiaries are facing a $1.6 billion (approximately €1.4 billion) class-action lawsuit in a Dutch court. A local NGO, Stichting Frisse Wind.nu, filed the claim alleging health damage and reduced property values due to emissions from the IJmuiden plant. Tata Steel denies the claims, calling them speculative.

• Dutch NGO Stichting Frisse Wind.nu filed the lawsuit.
• Claim seeks €1.4 billion ($1.6 billion) for alleged damages.
• Lawsuit cites health issues and reduced property values near IJmuiden plant.
• Tata Steel denies allegations, calls claims 'speculative'.
• Proceedings are under Dutch Act on Collective Settlement of Mass Claims (WAMCA).
• Company highlights ongoing environmental investments at its facility.

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