NY Town Claims $13M Shortfall In GM Superfund Deal

Law360, New York (June 27, 2012, 6:00 PM EDT) -- The town of Salina, N.Y., on Wednesday objected to a $39.2 million settlement between the trust that succeeded bankrupt General Motors Co. and the U.S. Environmental Protection Agency, saying it underestimates the company's contributions to the town's cleanup costs by $13 million.

Salina asked the New York bankruptcy court not to approve the settlement agreement between the agency and the trust that succeeded Motors Liquidation Co., GM's bankruptcy court entity, until it has been revised to explicitly carve out the town's claims for reimbursement for the...
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