The Department of Justice said that the U.S. and New York State have entered into a $5.5 million settlement with the former General Motors Corp., now referred to as Old GM, for environmental liabilities at a site contaminated with hazardous substances in New York, Dow Jones Newswires reported yesterday. The agreement with the trust responsible for winding up the affairs of chapter 11 debtor Motors Liquidation Company concerns environmental liabilities for damages to natural resources at the Onondaga Lake Superfund site in Onondaga County, N.Y. The agreement is the 13th and final agreement in a series of settlements resolving the environmental obligations and liabilities of Old GM, according to the statement. Those settlements have collectively resulted in recoveries or allowed claim amounts totaling about $904.5 million.
