On January 17, 2025, Tetra Tech, Inc. announced that its subsidiary, Tetra Tech EC, Inc. (TtEC), has reached a settlement agreement with the United States Department of Justice to resolve civil litigation surrounding environmental remediation services provided at the former Hunters Point Naval Shipyard in San Francisco, California.
As per the terms of the settlement agreement and proposed consent decree filed with the United States District Court for the Northern District of California, TtEC will pay $57 million for False Claims Act claims and $40 million for Comprehensive Environmental Response, Compensation and Liability Act claims. These Settlement Amounts are anticipated to be covered by cash reserves and drawing from credit facilities.
TtEC opted for the settlement agreement to avoid prolonged litigation, with no admission of liability included in the terms. Additionally, the settlement does not resolve ancillary claims from third-party private plaintiffs related to services at Hunters Point. TtEC has initiated legal action against its liability insurance carrier to potentially recover a portion of the Settlement Amounts, although the company cannot guarantee any reimbursement.
As of now, Tetra Tech has not made any further financial statements or exhibits related to this settlement. The company’s Chief Executive Officer, Dan L. Batrack, signed off on this report on behalf of Tetra Tech, Inc.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Tetra Tech’s 8K filing here.
About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.
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