GM Trust To Pay $21M Over 3 Polluted Sites

Law360, New York (January 31, 2012, 3:07 PM EST) -- The U.S. Department of Justice reached a $20.9 million settlement Monday with the trust that succeeded Motors Liquidation Co., General Motors' bankruptcy court entity — a deal that will see about $24 million total go toward cleaning three polluted sites, including $2.9 million in insurance money.

The proposed agreement must be approved by New York Bankruptcy Judge Robert E. Gerber and is also subject to a 30-day public comment period.

"The settlement is the tenth in a series of settlements of Old GM’s environmental liabilities that...
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