Bankrupt Delphi Corp. Pays $23M For Toxic Cleanup

Law360, San Francisco (November 08, 2013, 7:35 PM ET) -- The former Delphi Corp. will pay $23.1 million to clean up sites in Michigan and Ohio contaminated with asbestos and other pollutants, settling environmental claims lodged by the states in the auto parts manufacturer's bankruptcy proceedings in New York federal court, the parties said Friday.

Under the deal, filed in DPH Holdings Corp.'s bankruptcy case Friday, the company will pay cash to clean up three former auto parts plants in Flint and Saginaw, Mich., and an inactive asbestos landfill in Rootstown, Ohio, that was once operated by...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers