|From:||Lenny Siegel <LSiegel@cpeo.org>|
|Date:||Thu, 15 May 2014 08:21:48 -0700 (PDT)|
|Subject:||[CPEO-BIF] Judge approves Kodak cleanup trust, Eastman Business Park, Rochester, New York|
Judge approves Kodak cleanup trust Rochester Democrat and Chronicle (NY) May 13, 2014The settlement of Eastman Kodak Co. environmental claims, including creation of a trust to oversee environmental work at Eastman Business Park, was given final approval Tuesday.
U.S. Bankrupcty Court Judge Allan Gropper, who presided over Eastman Kodak Co.'s Chapter 11 bankruptcy case, signed an order creating an independent trust that will assume legal liability for existing environmental problems at the business park.
Kodak will endow the trust with $49 million to pay for study, monitoring and cleanup at the park, while New York state has promised to supply an additional $50 million if needed. The two parties would split any costs beyond that.
... For the entire article, seehttp://www.democratandchronicle.com/story/money/business/2014/05/13/ judge-approves-kodak-cleanup-trust/9049519/
-- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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