JPMorgan Chase Unit, 3 Others Settle Ill. Superfund Suit

Law360, New York (April 13, 2012, 3:53 PM EDT) -- Four landowners, including units of JPMorgan Chase and U.S. Bank, on Tuesday settled a lawsuit filed by Arrow Gear Co. seeking costs incurred as a result of their collective contamination of groundwater at a Chicago-area Superfund site.

Defendants Chase-Belmont Properties LLC; American National Bank and Trust Co. of Chicago, now part of JPMorgan Chase Bank NA; Citizens National Bank of Downers Grove, now part of U.S. Bank NA; and LaSalle Bank NA settled for an undisclosed amount of money in exchange for having the charges against...
To view the full article, register now.