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July 11, 2011

Court Ruling Sharply Narrows Severstal's Clean Up Liabilities

"In a little-noted court decision with potentially long-term local consequences, a federal judge has ruled that Severstal Sparrows Point LLC is not liable for the pollution that occurred at the Point before the bankruptcy court approved the sale of the former Bethlehem Steel Corp. plant to the Russian-owned steelmaker.

The U.S. District Court did require Severstal to undertake a sediment study of offshore pollution in the immediate area around the Sparrows Point plant, so the former owner of Sparrows Point may not be completely off the hook. The decision was signed by United States District Court for the District of Maryland Judge J. Frederick Motz on July 5."

Read more here.

July 11, 2011 in Current Affairs | Permalink


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