If you were impacted by the SPS Technologies fire ("Fire") in February 2025, you may be eligible for a cash payment from a Class Action Settlement.
A Settlement has been reached with SPS Technologies, LLC and its parent company, Precision Castparts Corp. (“PCC”), in a class action lawsuit regarding a fire that occurred at the former SPS facility located at 301 Highland Avenue, Jenkintown, Pennsylvania 19406 (the “SPS Facility”) from February 17, 2025, through February 22, 2025, during which a temporary shelter-in-place recommendation and voluntary evacuation order were issued by Abington Township. The Plaintiffs allege that individuals and businesses were impacted, injured, or damaged by the fire. SPS and PCC deny any wrongdoing.
Under the proposed Settlement, there are two Settlement Classes:
Business Operator Settlement Class which includes all business entities, including individuals and partnerships doing business under a registered business name, that, as of February 17, 2025, operated a physical place of business within the Settlement Class Area described in this Notice.
Property Owner, Resident, and Employment Settlement Class which includes all individuals or entities who, as of February 17, 2025, owned real property, resided, or were employed at a physical place of business within the Settlement Class Area described in this Notice.
Under the proposed Settlement, SPS will cause to be established a Gross Settlement Fund of $5,000,000 to provide cash payments to eligible Settlement Class Members, including payments for documented, unreimbursed business losses (up to $5,000); documented, hourly employee lost wages (up to $200); documented, unreimbursed property losses (up to $300); and pro rata residual cash payments. The Gross Settlement Fund will also be used to pay court-approved attorneys’ fees and costs, service awards, and Settlement Administration Costs.
If you are a Settlement Class Member, your rights are affected whether you do or do not act.
SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS | DEADLINE | |
SUBMIT A CLAIM FORM | The only way to receive a payment from this Settlement is by submitting a valid and timely Claim Form. | December 3, 2026 |
OPT OUT OF THE SETTLEMENT | If you opt out, you will not be bound by the terms of the Settlement and you will keep the right to sue SPS, PCC, and the other Released Parties for the claims related to the Fire released under the Settlement. If you opt out, you cannot receive any benefits from the Settlement. | November 3, 2026 |
OBJECT TO THE SETTLEMENT AND/OR ATTEND A HEARING | If you do not opt out of the Settlement, you may object to it and tell the Court what you do not like about it. You may also ask the Court for permission to speak about your objection at the Final Approval Hearing. If you object, you can still submit a Claim Form for benefits. | November 3, 2026 |
DO NOTHING | If you do nothing, you will not get a payment from this Settlement, and you will give up the right to sue, continue to sue, or be part of another lawsuit against SPS, PCC, and the other Released Parties for the Released Claims resolved by the Settlement. | No Deadline |