Marcal Paper's hearing on approval of U.S. environmental claim settlement adjourned to Sept. 21

By Reshmi Basu

New York, Sept. 7 - The hearing to approve the $3 million settlement agreement with Marcal Paper Mills, Inc. and the United States on behalf of the Environmental Protection Agency, the Department of the Interior and the Department of Commerce has been adjourned to Sept. 21, according to a person familiar with the case.

As reported earlier, the settlement gives the United States a $3 million unsecured claim against Marcal for the recovery of environmental response costs, of which $2.16 million will go to the EPA for its response to hazardous substances and $840,000 will go to the Department of the Interior and the Department of Commerce to cover costs of natural resource damage assessment.

Also under the settlement, Marcal may continue to release trace amounts of polychlorinated biphenyls and chlorodibenzo-p-dioxins and furans at its Diamond Alkali Superfund Site.

Marcal Paper Mills, an Elmwood Park, N.J., manufacturer and distributor of bath tissue, kitchen towels, napkins and facial tissue, filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Nov. 30, 2006. Its Chapter 11 case number is 06-21886.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.