October 06, 2015
The company responsible for a massive chemical spill that contaminated drinking water in West Virginia got a bankruptcy judge to sign off Tuesday on a reorganization plan which will divvy up about $6.1 million to compensate creditors and victims and help fund remediation efforts.
July 01, 2015
A West Virginia federal judge said Wednesday he's likely to approve a $2.5 million deal that Freedom Industries Inc. reached in its Chapter 11 proceedings with creditors and the state Department of Environmental Protection, according to a news report.
June 26, 2015
Parties involved in Freedom Industries Inc.'s Chapter 11 proceedings have asked a West Virginia bankruptcy judge to quickly approve the company's amended liquidation plan and proposed settlement, saying it will bring a faster end to the cleanup of a coal-related chemical spill.
May 13, 2015
A West Virginia bankruptcy judge denied Freedom Industries Inc.'s bid to fast-track its Chapter 11 plan Wednesday and ordered the company to come up with sufficient funds to complete environmental cleanup of its damaged property in cooperation with state regulators.
May 04, 2015
West Virginia environmental regulators on Monday torched Freedom Industries Inc.'s proposal for resolving its cleanup liability for a huge chemical spill, labeling the Chapter 11 plan a bad-faith grab by bankruptcy counsel McGuireWoods LLP for liquidation proceeds that rightfully belong to the state.
February 25, 2015
West Virginia prosecutors on Tuesday pushed back against a bid by two Freedom Industries Inc. executives who want the prosecutors removed because they were affected by a chemical spill that gave rise to criminal negligence charges, citing the example of a New Orleans federal judge who didn't have to remove himself from litigation related to Hurricane Katrina.
January 28, 2015
The indicted president of Freedom Industries Inc., whose January 2014 chemical spill is blamed for contaminating the drinking water of 300,000 West Virginia residents, again called on a bankruptcy court Tuesday to nix the company's proposed $3 million settlement with AIG Specialty Insurance Co.
December 22, 2014
The indicted president of Freedom Industries Inc., whose January chemical spill is blamed for contaminating drinking water for 300,000 West Virginia residents, told a bankruptcy court on Friday that he objected to a company's proposed $3 million settlement with AIG Specialty Insurance Co.
November 26, 2014
Bankrupt Freedom Industries Inc., whose January chemical spill is blamed for contaminating drinking water for 300,000 West Virginia residents, told a bankruptcy court Tuesday that its settlement with AIG Specialty Insurance Co. over coverage for the spill has been tied up by objections and delays.
September 19, 2014
A West Virginia bankruptcy judge on Tuesday rejected a water company's objection to Freedom Industries Inc.'s $2.9 million class action settlement over a chemical spill that contaminated the drinking water in West Virginia, finding the agreement is reasonable.