Chemtura Coporation, The U.S. Environmental Protection Agency, and the U.S. Justice Department settled yesterday on $26 million to pay off Chemtura’s environmental liabilities and violations.  Chemtura filed for Chapter 11 bankruptcy protection, along with 26 affiliates, in March 2009.  Chapter 11 bankruptcy allows a business to reorganize the company under a court’s supervision and come up with a plan to pay off its creditors.

Chemtura is a global chemical producer that operates in over forty countries.  It also is the larges supplier of pool chemicals in the United States.

The $26 million settlement will cover the clean up of 17 properties with environmental violations committed by Chemtura.  Twelve of the properties are considered be of most serious hazardous waste sites by the EPA.

If you or someone you know is considering filing for Chapter 11 bankruptcy protection, contact the Galveston Chapter 11 bankruptcy lawyers of Gipson, Norman & Root at 281-332-4800 to learn more about your rights.