SPS Technologies Fire Settlement (2026)

Status: Live (claims open)

Summary & Commentary

In February 2025, a fire broke out at the SPS Technologies facility in Jenkintown, Pennsylvania. Parts of Abington Township were told to shelter in place and some residents were asked to evacuate voluntarily. The lawsuit claims that nearby people and businesses lost wages and profits and had to clean or repair property because of the fire.

SPS Technologies, LLC and its parent company, Precision Castparts Corp. (PCC), deny any wrongdoing but agreed to a $5,000,000 settlement fund. It pays documented business losses, lost wages and property damage, and people who do not qualify for those categories can still claim a share of the residual fund without any documentation.

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TL;DR

• Who: Individuals and businesses in the defined Settlement Class Area of Abington Township, PA affected by the February 2025 SPS Technologies fire
• When: February 17–22, 2025 (property damage costs through March 17, 2025)
• Benefit: Up to $5,000 for business losses, $200 for lost wages, $300 for property damage, or a pro rata residual payment
• Deadline: December 3, 2026
• Proof required: Yes for business, wage and property claims; no for residual fund claims
• Administrator: Kroll Settlement Administration LLC

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Who Is Included

• Businesses, including individuals and partnerships operating under a registered business name, that had a physical place of business in the Settlement Class Area as of February 17, 2025.
• Individuals or entities that, as of February 17, 2025, owned real property, lived, or worked at a physical place of business in the Settlement Class Area.
• Excluded: the presiding judges and their immediate families; SPS, PCC and their affiliates; people who opt out; class and defense counsel; and their legal representatives, successors and assigns.

What You Could Receive

• Business loss claim: Up to $5,000 for documented, unreimbursed lost profits and out-of-pocket losses during February 18–19, 2025.
• Employee lost wages claim: Up to $200 for documented, unreimbursed hourly wages lost because you could not work during February 18–19, 2025.
• Property damage claim: Up to $300 for documented, unreimbursed costs to repair, replace or clean property, incurred on or before March 17, 2025.
• Residual fund claim: A pro rata cash payment for class members who do not qualify for the categories above. No documentation is required, and only one residual claim is allowed per household or business.

You cannot be paid more than once for the same loss.

Key Dates

• Opt-out deadline: November 3, 2026
• Objection deadline: November 3, 2026
• Claim deadline: December 3, 2026
• Final approval hearing: May 25, 2027

What You Need To Do

1. Check the Settlement Class Area map on the official settlement website to confirm your address qualifies.
2. Choose your claim type and collect documentation for business loss, wage or property claims.
3. File online through the claim form link, or mail a completed claim form to Kroll Settlement Administration LLC, P.O. Box 225391, ATTN: Claims, New York, NY 10150-5391.
4. Submit by December 3, 2026.

Frequently Asked Questions

I had no losses. Can I still claim? Yes. If you are in the class area, you can file a residual fund claim with no documentation.

How much is the residual payment? It is pro rata and depends on how much money remains after other claims and costs.

When will payments go out? After final approval; the hearing is May 25, 2027.

What This Case Is About

The lawsuit alleges that the fire at the SPS Technologies facility, and the shelter-in-place and evacuation orders that followed, caused property damage, business interruptions and lost wages within a defined area of Abington Township. SPS Technologies and Precision Castparts Corp. deny all liability. The settlement compensates those affected without any admission of fault.

Administrator

Kroll Settlement Administration LLC

• Phone: 833-930-0975
• Mail: P.O. Box 225391, ATTN: Claims, New York, NY 10150-5391
• Website: sps-settlement.com

Important Documents

The Long Form Notice, Claim Form, Settlement Agreement and Court Orders are available on the settlement website.