Chrysler Agrees To Pay $31M To Settle CERCLA Claim

Law360, New York (October 19, 2010, 6:42 PM EDT) -- Chrysler LLC’s liquidating company Old Carco LLC has agreed to allow the U.S. Environmental Protection Agency to claim $31 million against the bankrupt auto dealer’s estate in order to settle a Superfund action.

A motion filed Monday on behalf of the EPA in the U.S. Bankruptcy Court for the Southern District of New York asked for approval of the settlement, which concerns claims over contamination at an air conditioning manufacturing site in Dayton, Ohio.

According to the EPA, Chrysler, during its ownership of the site, was...
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