Old Chrysler Liquidators Reach Deal Over Wis. Plant

Law360, New York (October 21, 2011, 7:34 PM EDT) -- The liquidating trust for the bankrupt remnants of Chrysler LLC on Thursday reached a settlement in New York bankruptcy court of environmental claims Wisconsin and the federal government filed over a former engine plant.

The deal means the 107-acre property, which is currently out of use and potentially contaminated, will be transferred from the Old Carco LLC liquidating trust to the city of Kenosha, Wis. — also a plaintiff in the suit — ready for demolition and environmental cleanup.

The city filed the suit seeking to...
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