US Settles With GM on Environmental Liabilities

US ATTORNEY, SOUTHERN DISTRICT OF NY – OCT. 20, 2010 – GARY G. GRINDLER, the Acting Deputy Attorney General, PREET BHARARA, the United States Attorney for the Southern District of New York, CYNTHIA GILES, the Assistant Administrator for the Office of Enforcement and Compliance with the U.S. Environmental Protection Agency (“EPA”), and Labor Secretary HILDA SOLIS, as co-chair of the White House Council on Auto Communities and Workers, announced today that the United States, fourteen States, and the Saint Regis Mohawk Tribe have entered into a settlement agreement with Chapter 11 debtor MOTORS LIQUIDATION COMPANY (“Old GM”), formerly known as General Motors Corporation, to settle certain environmental liabilities under the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), the Resource Conservation and Recover Act (“RCRA”), and state environmental laws. A Settlement Agreement among the United States, the States, and Old GM was filed in Manhattan bankruptcy court this morning, which the Saint Regis Mohawk Tribe is expected to join shortly.

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