Amtrak, Insurer Reach Settlement Over PCB Cleanup at NYC Station

Amtrak and American Premier Underwriters Inc. reached a settlement in principle after the transportation company sued the insurer for clean-up costs associated with PCB contamination long before it acquired NYC’s Penn Station.

• Amtrack alleged it had spent more than $30 million to clean up the polychlorinated biphenyls that had been discharged from transformers on trains as early as the 1930s, according to the complaint filed in the US District Court for the Southern District of New York
• The transportation company sought judgment that American Premier—the successor of two companies that owned and operated Penn Station and its trains before 1976—was ...