As the ban was lifted, the company behind the West Virginia chemical spill filed for bankruptcy. The move will grant Freedom Industries at least a temporary reprieve from lawsuits. It also could allow the company’s owner, J. Clifford Forrest, to retain control of his assets while escaping liabilities. Forrest is listed as a founder of a new shell company called Mountaineer Funding, which would run Freedom Industries without having to assume legal responsibility for the spill.
Freedom Industries Could Evade Chemical Spill Liability with Bankruptcy Filing, Shell Firm
HeadlineJan 21, 2014