Owner of Asbestos Mine Agrees to Address Contamination

The U.S. Department of Justice announced that as part of a multi-site settlement, G-I Holdings Inc. has agreed to address asbestos contamination caused by its past operation of the largest chrysotile asbestos mine and mill in the country.

The 1,673-acre abandoned mine site in Vermont, known as the Vermont Asbestos Group Mine Site (VAG Site) is the most significant of the contaminated sites covered by the settlement, which includes 12 other industrial sites across the country where G-I may have disposed of hazardous waste.

"The cornerstone of this settlement is that G-I is responsible for completing extensive work at the Vermont Asbestos Group Mine Site, focusing on site security, air monitoring and investigating and sampling certain mine tailings," said John C. Cruden, Acting Assistant Attorney General for the Justice Department's Environment and Natural Resources Division. "G-I will also pay for its share of cleanup costs for this Site and nine other contaminated sites around the country."

The consent decree was filed in the U.S Bankruptcy Court for the District of New Jersey and is subject to a 30 day public comment period and approval of the Federal Court. A copy of the consent decree is available on the Department of Justice Web site at http://www.usdoj.gov/enrd/Consent_Decrees.html.

Claims for asbestos related disease have played a significant roll in the national workers' compensation system. Additional information concerning asbestos exposure is available on our website: http://www.gelmans.com/

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