To avoid further costs of litigation, we are pleased to see the case by
Harris County and the State of Texas against McGinnis Industrial
Maintenance Corp. (MIMC) resolved with a $29.2M settlement. The
settlement also dismisses the State and County’s claims against Waste
Management of Texas, Inc.
This is a legacy issue, dating back to the 1960’s, from a Waste
Management of Texas subsidiary – MIMC – and is several generations
removed from Waste Management Inc. Before the trial, the Court quite
appropriately removed Waste Management Inc. from the case. Waste
Management Inc. previously accrued for substantially all of the $29.2M.
We remain focused on the remediation of the site and maintain our active
participation in the very structured and well-defined EPA process,
established to evaluate and determine the appropriate remedy for the
site.
For more information on the site, visit www.sanjacintofacts.com
Copyright Business Wire 2014