Date: August 18, 2004
Source: News Room
A Canadian court has halted an environmental review into the operation of Bennett Environmental Inc.'s (Toronto:BEV.TO) new Belledune, New Brunswick soil treatment facility. The Federal Court overturned a decision announced in mid-June by the federal environment minister that a panel be formed to investigate the impact of a soil contamination treatment plant in Eastern Canada. The company's stock fell by nearly a quarter in July after the company announced it would not start operations at Belledune because a key customer, the Federal Creosote site in New Jersey, cut soil shipments by one-third. Bennett later revealed that it faced a class action lawsuit over the revised Federal Creosote contract, alleging that Bennett made "material misrepresentations and omissions of material facts" regarding the deal.
More information: www.bennettenv.com.
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