Bankrupt Oil Businesses Agree to Pay $16 Million for Newtown Creek Pollution

Two linked companies that ran oil and gasoline facilities adjacent to the Newtown Creek superfund site have agreed to pay more than $16 million toward the cleanup of the polluted New York City waterway, the Justice Department announced Oct. 21 (In re Getty Petroleum Marketing Inc., Bankr. S.D.N.Y., No. 11 - 15606, settlement filed 10/21/14).

In a settlement lodged in the U.S. Bankruptcy Court for the Southern District of New York, Getty Petroleum Marketing Inc. (GPMI) and Getty Terminals Corp. agreed that the government will receive an allowed $16 million bankruptcy claim. The step resolves their liability under ...