U.S. Gives DuPont, ConocoPhillips $52M For Cleanup

Law360, New York (July 1, 2008, 12:00 AM EDT) -- A district court judge has approved a settlement in which the federal government agreed to pay E.I. Du Pont de Nemours & Co. and ConocoPhillips Co. to resolve a decade-long dispute over the companies' claims for environmental cleanup costs.

Under the deal, affirmed in the U.S. District Court of New Jersey on Monday, the federal government will pay DuPont $51 million and ConocoPhillips $1 million for past and future costs of cleaning up hazardous substances from 15 sites that the government once owned.

“ConocoPhillips is pleased...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.