EPA v. IT Corporation Bankruptcy Referral

Case summary

'This is a civil judicial referral to the Department of Justice ( DOJ ) requesting the filing of proofs of claim on behalf of EPA in the bankruptcy proceedings concerning IT Corporation (a subsidiary of The IT Group Inc. now owned by The Shaw Group Inc.). EPA seeks to initiate this matter in relation to IT Corporation liabilities under CERCLA for response costs at the Operating Industries, Inc. Superfund Site, the Iron Mountain Superfund Site, and the Casmalia Superfund Site. --------------------------------------------------------------------------------------------------------------------- For Operating Industries: Attorney is Eric Esler; Program Contact is Lois Green. For Iron Mountain: Attorney is Tom Bloomfield; Program Contact is R. Sugarek. For Casmalia: Attorney is Karen Goldberg; Program Contact is K. Kitchingman. --------------------------------------------------------------------------------------------------------------------- {Excerpt from Press Release: Baton Rouge, Louisiana, May 3, 2002 - The Shaw Group Inc. (NYSE: SGR) (''Shaw'' or ''the Company'') today announced that it has completed the previously announced acquisition of substantially all of the assets and the assumption of certain liabilities of The IT Group, Inc. (''The IT Group''). The successful bid was for a total of $105 million, with Shaw to pay approximately $52.5 million in cash and approximately 1.67 million shares of Shaw Common Stock, and the assumption of certain liabilities. On April 25, 2002, a court order was signed under Chapter 11 of the U.S. Bankruptcy Code approving the transaction. }'

Defendants (2)

• IT Corporation (IT Group Inc.)Named in complaint
• The Shaw Group Inc.

Facilities (3)

• CASMALIA RESOURCES

  NTU RD-539 SAN YSIDRO RD, CASMALIA, CA, 93429

  Registry ID: 110009267532

• OPERATING INDUSTRIES INCORPORATED

  900 POTRERO GRANDE DR, MONTEREY PARK, CA, 91754

  Registry ID: 110033606355

• IRON MOUNTAIN MINE

  OFF HWY 299 9 MI NW OF, REDDING, CA, 96001

  Registry ID: 110009333140

Statutes cited

• CERCLA 107A — Cost Recovery
• CERCLA 106A — Imminent & Substantial Endangerment Order

Timeline (3 milestones)

• 2002-07-12Referred To Dept Of Justice
• 2002-07-15Complaint Filed With Court
• 2002-09-13Enforcement Action Data Entered