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.
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.