19 May 2025
⚖️Proposed Consent Decree Under CERCLA for Paddock Enterprises
Notice of Lodging of Proposed Consent Decree Under the Comprehensive Environmental Response, Compensation, and Liability Act
Summary
The Department of Justice has lodged a proposed Consent Decree resolving the complaint involving Paddock Enterprises, LLC and the United States concerning liability at the Jaite Paper Mill Site. The agreement entails financial contributions from both parties totaling $33 million for environmental remediation efforts and opens a public comment period regarding the Decree.
Agencies
- Justice Department
Business Impact
$$$ - High
The proposed Consent Decree involves a significant financial liability of $33 million for Paddock Enterprises, indicating compliance and regulatory ramifications that affect the business's financial positioning and risk management. This can impact other businesses in the same sector regarding environmental compliance standards.