Chemtura Settles Dispute Over Fla. Cleanup Sites

Law360, New York (August 17, 2010, 3:07 PM EDT) -- Chemtura Corp. has agreed to pay $800,000 to settle an environmental claim for cleanup at several Florida sites, a claim that the company previously tried to discharge through its Chapter 11 process.

The bankrupt chemical company filed a motion Monday seeking permission from the U.S. Bankruptcy Court for the Southern District of New York to enter into an agreement with the Florida Department of Environmental Protection.

Under the proposal, Chemtura, Bio-Lab Inc. and Great Lakes Chemical Corp. would pay $800,000 to resolve a department claim seeking...
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