Crucible Inks $3.8M Deal Over Wis. Steel Plant Cleanup

Law360, New York (May 6, 2011, 7:27 PM EDT) -- Defunct metals producer Crucible Materials Corp. will fork over $3.8 million to remediate the site of a former steel tubing manufacturing plant in Wisconsin, resolving more environmental claims as it continues to wind up its operations, officials said Thursday.

The Wisconsin Department of Justice and state environmental regulators announced that Crucible, the bankrupt parent company of Trent Tube, will pay $1.8 million in cash, issue a promissory note and donate land to the state in order to help clean up soil and groundwater contamination at the...
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.