Mass. Joins Opposition To Sale Of W.R. Grace Sites

Law360, New York (March 26, 2008, 12:00 AM EDT) -- The Massachusetts Department of Environmental Protection has joined the federal government in objecting to W.R. Grace & Co.'s plan to sell off polluted industrial sites through its Chapter 11 proceedings.

Massachusetts Attorney General Martha Coakley said in an objection filed in Delaware bankruptcy court Tuesday that the company didn't adequately address how the Environmental Liability Transfer plan might affect the Wells G&H Aberjona River Valley in Woburn, Mass.

The Superfund site is among 10 properties that W.R. Grace wants to sell to Environmental Liability Transfer Inc.,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.