Marcal Takes Issue With $1B EPA Claim

Law360, New York (July 2, 2007, 12:00 AM EDT) -- Bankrupt paper company Marcal Paper Mills Inc., which filed its reorganization plan last week, has objected to a nearly $1 billion government claim that could complicate its emergence from Chapter 11.

In court documents filed with the U.S. Bankruptcy Court for the District of New Jersey, Marcal said it would move to expunge a $946 million claim related to the cleanup of an eight-mile section of the Passaic River in New Jersey.

”The claim seeks to impose the entire cost of a future cleanup of the...
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