Bumbling, Blame And Bankruptcy In Wake Of West Virginia Chemical Spill
The filing set off a battle between several private companies trying to avoid liability for the damages suffered by West Virginians.
Via Moyers & Company:
Last Friday, as lawsuits piled up over the chemical spill that left hundreds of thousands of West Virginia residents without potable water for days, Freedom Industries, the company responsible for the leak, declared bankruptcy.
The filing set off a battle between several private companies trying to avoid liability for the damages suffered by West Virginians. It also provided new insight into the previously murky ownership of Freedom Industries, and a sense of what the company’s foreclosure strategy may look like.
Who Owns Freedom Industries?
As Bloomberg Businessweek’s Paul Barrett wrote, it...