US, Vt. Reach $26M+ Cleanup Deal With G-I Holdings

Law360, New York (July 2, 2009, 12:00 AM EDT) -- The bankrupt former operator of the largest chrysotile asbestos mine and mill in the U.S. has agreed to reimburse the government up to $25.8 million and make millions of dollars in improvements at the contaminated site in northern Vermont.

G-I Holdings Inc. will also help fund cleanup operations at other Superfund properties across the U.S. under the terms of a consent decree filed Thursday in the U.S. District Court for the District of New Jersey.

“The cornerstone of this settlement is that G-I is responsible for...
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