The Latest in IT Security

Company behind West Virginia chemical spill declares bankruptcy

18
Jan
2014

Freedom Industries, the company responsible for the West Virginia chemical spill that left over 300,000 citizens without safe drinking water, has filed for Chapter 11 bankruptcy. Still, the likely reason for its imminent bankruptcy is as-yet untallied liabilities resulting from the spill. Freedom Industries is already the target of a federal suit, along with 25 different lawsuits filed in local country courts. Its still unclear how the bankruptcy protection will affect the ongoing suits, but seems increasingly unlikely that the company or its founders will be able to contribute to the relief and recovery of the surrounding area.

Comments are closed.

Categories

SATURDAY, FEBRUARY 17, 2018

Featured

Archives

Latest Comments

Social Networks