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...
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