Ex-Navy Contractor Pays $13M For Site Cleanup

Law360, New York (November 1, 2007, 12:00 AM EDT) -- Former defense contractor Hercules Inc. has agreed to pay the U.S. government about $13 million to help clean up the grounds around a navy-owned ballistics laboratory in West Virginia.

Under the settlement, Hercules will pay a substantial portion of the costs needed to rid the Allegany Ballistics Laboratory site in Rocket Center, W.Va., of hazardous substances. Some of the money will go to the Environmental Protection Agency for overseeing the cleanup of the facility, while another portion of the money will go to the U.S. Navy...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.