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Environmental

Jan. 25, 2017

JP Morgan pays $86M in landfill cleanup settlement

JPMorgan Chase Bank N.A. will pay $86 million to help clean up a local landfill formerly owned by Washington Mutual Bank, according to a consent decree approved Monday by a federal judge.

By America Hernandez
Daily Journal Staff Writer

LOS ANGELES — JPMorgan Chase Bank N.A. will pay $86 million to help clean up a local landfill it inherited when it purchased assets of Washington Mutual Bank, according to a consent decree approved Monday by a federal judge.

The bank decided not to fight the government's claims that JPMorgan also inherited the responsibility to clean up toxic chemicals, which w...

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