Attorneys say they are one step closer to implementing a settlement negotiated between victims of the Freedom Industries chemical leak, the Charleston (W.Va.) Daily Mail reported on Saturday. Attorneys filed a modified settlement agreement with AIG Specialty Insurance Co. on Thursday. In a previous bankruptcy hearing, attorneys debated which section of Freedom’s insurance policy should cover claims resulting from the Elk River chemical leak. In July, three former Freedom executives, William Tis, Charles Herzing and Dennis Farrell, objected to the potential agreement because it didn’t provide payment of their legal fees. At a previous hearing, attorneys representing the former executives argued Freedom should be covered under a certain section, which would cover the loss and the cost of defending that claim.
