CAI, Others Strike $1.3M Deal Over Paint Facility Fire

Law360, New York (August 15, 2011, 4:54 PM EDT) -- CAI International Inc. and other companies tied to a Danvers, Mass., ink and paint product manufacturing facility agreed Monday to pay about $1.3 million to settle federal claims over the cleanup of hazardous waste following a 2006 explosion and fire at the site.

Most of that projected settlement amount, which includes cash and estimated proceeds from the sale of the property, will go to the U.S. Environmental Protection Agency for the $2.7 million in response costs it incurred after the blast and chemical fire, which destroyed...
To view the full article, register now.