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People & Business :: Companies

Freedom Industries declares bankruptcy following West Virginia chemical spill, legislation introduced

4:09 PM MST | January 16, 2014 | Lindsay Frost

Freedom Industries has filed for bankruptcy a week after a leak at one of its tanks containing 4-methylcyclohexane methanol (MCHM) forced a water ban in nine West Vriginia counties surrounding Charleston, WV—the state’s largest city. The Chapter 11 petition filed on 17 January in the US Bankruptcy Court of the Southern District of West Virginia lists assets and debts of $10 million each. The filing seeks protection from the company’s creditors and may halt over two dozen lawsuits that residents and business owners have filed over the incident...

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