Freedom Industries in Bankruptcy Court Tuesday
The company at the center of a chemical spill into West Virginia's largest water supply is back in bankruptcy court Tuesday.
Freedom Industries has a Tuesday morning hearing scheduled in U.S. Bankruptcy Court in Charleston. The hearing will involve a $2.9 million settlement with Freedom's insurer.
Lawyers for Freedom Industries and businesses and people who sued Freedom reached a tentative settlement, according to documents filed Friday in Charleston federal court.
The settlement would use $2.9 million in insurance money for public projects, potentially including long-term health monitoring. A board would determine exactly how to spend the money.
The agreement would settle 24 lawsuits against Freedom. Many businesses sued to recoup profits they lost while shuttered for days. A January tap-water ban affected 300,000 people.