Union Pacific, Vertellus Settle UMinn CERCLA Suit For $5M

Law360, New York (September 2, 2011, 5:19 PM EDT) -- Union Pacific Railroad Co. and chemical company Vertellus Specialties Inc. will pay the University of Minnesota $4.8 million to settle a lawsuit over cleanup costs at the site of the university's new football stadium, an attorney for the university told Law360 on Friday.

The settlement, approved by Judge Ann D. Montgomery on Thursday, resolves Comprehensive Environmental Response, Compensation and Liability Act and state environmental response claims connected to the university's 1990 purchase of a railroad yard from a Union Pacific predecessor, which had leased a portion...
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