W. Virginia Water Polluter Freedom Industries Files Bankruptcy in Legal Shell Game
If any other group had poisoned the water supply of 300k people, it would be considered a terrorist attack. As it is, its another company running business as usual.
Freedom Industries fouled a sixth of West Virginia’s water supply last week with toxic chemicals. Friday it filed for bankruptcy, which will at least temporarily shield the firm from lawsuits.
And in a brazen legal gambit, the owner of Freedom Industries has also created a shell company to provide financing to his bankrupt firm, which may allow him to retain much of the assets of the firm if and when it is dissolved in bankruptcy.
Freedom owes $3.6 million to its top 20 unsecured creditors, according to bankruptcy documents obtained by the West Virginia Gazette. The company also owes the IRS more than $2.4 million in unpaid taxes dating back 13 years.