History of XYZ hose

Anhydrous Ammonia Hose
1978- XYZ and farmers' cooperatives sued by several end users
present: for field accidents apparently caused by rupture of anhydrous ammonia hose AAH #1 in the field under normal use.
1982: XYZ Hose Company commences stamping hoses with warning labels that hose should not be used beyond 30 months. This warning commonly disregarded by end users.
1983: XYZ discontinues manufacture of anhydrous ammonia hose AAH #1.
1987: XYZ negotiates an out-of-court settlement with farmer Bob Smith in the amount of $1,400,000.
1988: XYZ places buy-back offer in Farmers' Cooperative Magazine, noting that all XYZ AAH #1 anhydrous ammonia hose should be returned at once because the product is outdated. XYZ receives over 500,000 feet of hose, some dating back as far as the 1950's, when XYZ produced hoses using nylon and polyester as the reinforcing material.
1991: XYZ negotiates one-half of an out-of-court settlement with farmer Tom Jones in the amount of $125,000. The remaining one-half of the settlement paid to Jones by the DEF Farmers' Cooperative.