Bankruptcy judge supports $2.9 million settlement to benefit impacted community

Bill posted a few weeks ago on WV American Water’s opposition to a proposed settlement that would give $2.9 million back to the community. The $2.9 million would come from Freedom’s insurance money but, because Freedom is in bankruptcy and its insurance money is an asset of the company, any settlement making use of this money must first be approved by Freedom’s bankruptcy judge. WV American Water had urged the bankruptcy judge to reject the proposed settlement so that it might be able to get access to the insurance money through the bankruptcy case.

The Gazette today announced that bankruptcy judge Pearson has approved the settlement.

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