Residents of Gainesville Florida suing owner of Kopper Cabot Superfund site for $500 million

It has been reported that the neighborhood surrounding the Koppers Cabot Superfund site in Gainesville, Florida is suing the responsible party for $500 million to monitor the drinking water and residents of Gainesville area for acute diseases. The site was owned by Koppers Co., which was sold and the name changed to Beazer East. According to EPA records, the remedial action chosen at this site has an estimated price tag of $4.1 million. Of this amount, $2.45 million has been reimbursed to the government; leaving an approximate balance owing of $1.65 million. According to online sources, Beazer East is a privately owned company with approximately 50 employees. Since the company is private there is no reported stockholder equity. One can only surmise that if the plaintiffs win, this would most likely have a detrimental affect financially on the small, privately owned company.