Deal That Treats Refinery’s Federal Fines As Bankruptcy Claim Gets Judge’s OK

Mealey's (May 31, 2022, 2:29 PM EDT) -- HOUSTON — A Texas federal bankruptcy judge on May 26 approved a settlement agreement between a bankrupt oil refinery facing water contamination issues in the Virgin Islands and the U.S. Department of Labor (DOL) related to violations of federal laws pertaining to the safe handling of hazardous substances.  Under the terms of the settlement, the DOL will be deemed to hold an allowed prepetition, unsecured governmental fine and penalty claim in the amount of $259,407....