Regulation & law · 25/09/2012

EPA Proposes Settlement for Buckbee-Mears Co. Superfund Site in Cortland, NY

The US Environmental Protection Agency (EPA) is proposing a settlement with the State Bank of India, New York Branch, to recover past response costs for the Buckbee-Mears Co. Superfund Site in Cortland, New York. The settlement includes the recovery of $116,500 from an escrow account, 25% of funds collected from International Electron Devices (USA), LLC, and a share of the proceeds from the sale of two parcels of land, with $150,000 going towards the costs of marketing and other expenses.