Chemtura Moves To Thin $2.1B In Superfund Claims

Law360, New York (January 25, 2010, 4:12 PM EST) -- With the aim of avoiding portions of $2.1 billion in potential Superfund bills, bankrupt Chemtura Corp. has filed a broad objection to the U.S. government's environmental claims, which the chemical maker says unfairly stick it with the brunt of the liability.

The government has ignored other companies' contributions to alleged environmental damage when calculating Chemtura's liability for environmental damage at 21 Superfund sites, the company said in an omnibus objection filed Friday in the U.S. Bankruptcy Court for the Southern District of New York.

Of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.