Chemtura Rejects $13M Payout For La. Superfund Cleanup

Law360, New York (July 5, 2011, 6:14 PM EDT) -- Formerly bankrupt Chemtura Corp. on Friday said that it should not be forced to pay a consortium of chemical and oil companies nearly $13 million to cover its portion of future cleanup costs at a Louisiana Superfund site.

In a reply brief filed in New York bankruptcy court, Chemtura said that its 2009 bankruptcy exempted it from payments to NPC Services Inc., a corporate entity set up following a 1984 consent decree over the cleanup of a polluted area in East Baton Rouge Parish, La....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.