US, Mine Owner Agree To $32M Deal Over Toxic Waste

Law360, New York (June 18, 2012, 6:19 PM EDT) -- The federal government has reached a tentative $31.8 million settlement with the owner of a Kentucky coal mine to resolve allegations that the company is liable for the costs of responding to the site's hazardous waste, the U.S. Department of Justice said Monday.

The settlement can only be satisfied through a transfer of The Stearns Co. Ltd.'s real property interests, which are comprised primarily of mineral rights in the property, to the government, and any available recoveries through its insurance policies, the DOJ said.

“The proposed...
To view the full article, register now.