ILNews

Proposed settlement may net $25 million for environmental cleanup

Back to TopE-mailPrintBookmark and Share

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.   
 

ADVERTISEMENT

Sponsored by

facebook - twitter on Facebook & Twitter

Indiana State Bar Association

Indianapolis Bar Association

Evansville Bar Association

Allen County Bar Association

Indiana Lawyer on Facebook

facebook
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. Well, maybe it's because they are unelected, and, they have a tendency to strike down laws by elected officials from all over the country. When you have been taught that "Democracy" is something almost sacred, then, you will have a tendency to frown on such imperious conduct. Lawyers get acculturated in law school into thinking that this is the very essence of high minded government, but to people who are more heavily than King George ever did, they may not like it. Thanks for the information.

  2. I pd for a bankruptcy years ago with Mr Stiles and just this week received a garnishment from my pay! He never filed it even though he told me he would! Don't let this guy practice law ever again!!!

  3. Excellent initiative on the part of the AG. Thankfully someone takes action against predators taking advantage of people who have already been through the wringer. Well done!

  4. Conour will never turn these funds over to his defrauded clients. He tearfully told the court, and his daughters dutifully pledged in interviews, that his first priority is to repay every dime of the money he stole from his clients. Judge Young bought it, much to the chagrin of Conour’s victims. Why would Conour need the $2,262 anyway? Taxpayers are now supporting him, paying for his housing, utilities, food, healthcare, and clothing. If Conour puts the money anywhere but in the restitution fund, he’s proved, once again, what a con artist he continues to be and that he has never had any intention of repaying his clients. Judge Young will be proven wrong... again; Conour has no remorse and the Judge is one of the many conned.

  5. Pass Legislation to require guilty defendants to pay for the costs of lab work, etc as part of court costs...

ADVERTISEMENT