Nor does it strip Freedom Industries' responsibility to rectify environmental damage caused by the spill, said Department of Environmental Protection spokesman Tom Aluise. The bankruptcy filing doesn't stall lawsuits against other parties targeted in the spill, said Washington D.C. It depends on the company's level of coverage, Majestro said. Majestro said his clients are weighing an option to petition the court to proceed in hopes of collecting on Freedom's insurance policy. The bankruptcy proceedings freeze the lawsuits against Freedom Industries, said Charleston attorney Anthony Majestro, who is representing several small businesses that sued the company. It says the company has at least 200 creditors and owes its top 20 creditors $3.66 million. West Virginia chemical spill a blow to the economyĬompany president Gary Southern signed the paperwork, which lists the company's assets and liabilities as a range - both between $1 million and $10 million.West Virginia chemical spill: water ban could last days.Bankruptcy Court in the Southern District of West Virginia, eight days after the spill began. The company filed a Chapter 11 petition with the U.S. also used its bankruptcy papers as a forum to speculate on how the spill might have happened. The company blamed for a chemical spill that left 300,000 West Virginians without safe drinking water filed for bankruptcy Friday, temporarily shielding them from dozens of lawsuits, most by businesses that were forced to shut down for days.įreedom Industries Inc.
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