West Virginia Spill Company Files for Bankruptcy

Freedom Industries owned facility where leaky tank spilled toxic agents

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Freedom Industries, the company believed responsible for the chemical spill in West Virginia last week, has filed for bankruptcy, the Associated Press reports.

The chemicals maker owns the facility along the Elk River at which a leaky storage tank released thousands of gallons of 4-methylcyclohexane methanol, a chemical used in coal processing, into the state’s water supply.

The incident led to a water ban across nine counties and massive disruptions in to every day life and economic activity in the state. Authorities began lifting the ban on water usage earlier this week.

Freedom Industries declined a request for comment from TIME.

[AP]

4 comments
queenofromania
queenofromania

You gotta' love those freedom lovers. They sure know how to treat their own.

jpcali
jpcali

A more informative  news report would have reported that the President/Owner of WV Funding LLC and the President/Owner of Freedom Industries Inc. are one in the same person, and that WV Funding LLC did not exist before today. Bottom line this is a shell game and as usual, there is no rule of law in America.

RB1
RB1

Amazing how a petroleum related company that is experiencing the zenith of profits through the economy suddenly needs to file for bankruptcy! They simply don't want to pay for their own misdeeds. They want the people of W. Va. and America to pay! These scumbags will move to another town and start another company on their ill-got profits!  

jpcali
jpcali

Oh my bad, WV Funding will be lending Freedom Industries  money long enough  to liquidate their assets which will be acquired by WV Funding LLC.