Ohio Valley Coal Co. To Pay $7M Over Slurry Spills

Law360, New York (July 13, 2012, 6:50 PM EDT) -- The Ohio Valley Coal Co. pled guilty Friday to criminal violations of the Clean Water Act and agreed to pay more than $7 million for allowing coal slurry to release into a tributary of the Ohio River in separate incidents in 2008 and 2010.

In a plea agreement with federal prosecutors, the company said it would pay $6 million to install a double-walled pipeline to ensure future spills don't occur. Ohio Valley Coal, a subsidiary of Murray Energy Corp., will also pay more than $1 million...
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.