Pengo Settles US, Texas Radioactive Waste Claims

Law360, New York (July 15, 2011, 4:13 PM EDT) -- Oil well servicer Pengo Industries Inc. on Thursday agreed to pay nearly $1 million to settle claims against it in the U.S. and Texas' suit against a host of companies over three Superfund sites contaminated with radioactive waste.

Under the terms of the deal, Pengo will pay $815,000 to the U.S. Environmental Protection Agency and $81,500 to the state of Texas for cleanups of contaminated sites in the cities of Houston, Webster and Odessa that were owned by the GNI Group Ltd.

All parties agreed that...
To view the full article, register now.