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New York City, National Grid Oppose Chemtura Settlement

Dec. 3 (Bloomberg) -- New York City and National Grid NY oppose a settlement between Chemtura Corp. and the U.S. Environmental Protection Agency, saying it is unfair and not in the public interest. The settlement, which paves the way for Chemtura’s exit from bankruptcy, requires the chemical maker to clean up two sources of ongoing pollution to the Gowanus Canal under a related agreement, according to court documents filed today.

Link to Company News:{CHMT US <Equity> CN <GO>}

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net

To contact the editor responsible for this story: Stephen Farr at sfarr@bloomberg.net

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