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...
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Case Information

Case Title

USA v. The Stearns Company, Ltd. et al


Case Number

5:12-cv-00191

Court

Kentucky Eastern

Nature of Suit

Environmental Matters

Judge

Joseph M. Hood

Date Filed

June 12, 2012

Government Agencies

UK Financial Services

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