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Proposed settlement may net $25 million for environmental cleanup

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The proposed settlement filed today in the bankruptcy case involving former General Motors sites could provide nearly $25 million for cleanup of eight Indiana sites with ties to the automaker.

Indiana and 13 other states, along with the U.S. Environmental Protection Agency, filed the proposed settlement of the bankruptcy case with Motors Liquidation Corporation, which used to be called General Motors. When the company filed for Chapter 11 reorganization last year, a new entity – General Motors LLC – was created and purchased many of GM’s auto-making facilities and the name “General Motors.” The old GM was renamed in the process and agreed to use bankruptcy proceedings to remediate or liquidate 89 remaining MLC-owned manufacturing sites that weren’t purchased by the new GM.

The settlement totals nearly $773 million and includes provisions so that the states can oversee and monitor environmental cleanup of the sites by the court-appointed trustee and redevelopment managers, and implement any changes if needed. Cleanup will allow for redevelopment of the old sites for future manufacturers or businesses.

The Indiana sites are in Anderson, Indianapolis, Kokomo, and Muncie.

Now there will be a 3-day public comment period after which the court can accept the agreement. The suit is in U.S. Bankruptcy Court for the Southern District of New York.   
 

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  1. File under the Sociology of Hoosier Discipline ... “We will be answering the complaint in due course and defending against the commission’s allegations,” said Indianapolis attorney Don Lundberg, who’s representing Hudson in her disciplinary case. FOR THOSE WHO DO NOT KNOW ... Lundberg ran the statist attorney disciplinary machinery in Indy for decades, and is now the "go to guy" for those who can afford him .... the ultimate insider for the well-to-do and/or connected who find themselves in the crosshairs. It would appear that this former prosecutor knows how the game is played in Circle City ... and is sacrificing accordingly. See more on that here ... http://www.theindianalawyer.com/supreme-court-reprimands-attorney-for-falsifying-hours-worked/PARAMS/article/43757 Legal sociologists could have a field day here ... I wonder why such things are never studied? Is a sacrifice to the well connected former regulators a de facto bribe? Such questions, if probed, could bring about a more just world, a more equal playing field, less Stalinist governance. All of the things that our preambles tell us to value could be advanced if only sunshine reached into such dark worlds. As a great jurist once wrote: "Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman." Other People's Money—and How Bankers Use It (1914). Ah, but I am certifiable, according to the Indiana authorities, according to the ISC it can be read, for believing such trite things and for advancing such unwanted thoughts. As a great albeit fictional and broken resistance leaders once wrote: "I am the dead." Winston Smith Let us all be dead to the idea of maintaining a patently unjust legal order.

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