Date: July 18, 2002
Source: News Room
Laidlaw Inc. and Safety-Kleen Corp. have settled all claims against each other through a court-approved mediation process. The companies said the settlement resolves Laidlaw's $6.5 billion claim against Safety-Kleen, as well as Safety-Kleen's $13.8 billion claim against Laidlaw. Also resolved are $6.3 billion of claims by secured lenders of Safety- Kleen against Laidlaw, and claims by certain officers and directors of each company against the other company.
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