ECOL » Topics » Litigation

These excerpts taken from the ECOL 10-K filed Feb 27, 2008.
Litigation
 
In the ordinary course of conducting business, we are involved in judicial and administrative proceedings involving federal, state or local governmental authorities. Actions may also be brought by individuals or groups in connection with permitting of planned facilities, alleged violations of existing permits, or alleged damages suffered from exposure to hazardous substances purportedly released from our operated sites, as well as other litigation. We


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AMERICAN ECOLOGY CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
 
maintain insurance intended to cover property and damage claims asserted as a result of our operations. Periodically, management reviews and may establish reserves for legal and administrative matters, or fees expected to be incurred in connection therewith. As of December 31, 2007, we did not have any ongoing, pending or threatened legal action that management believes would have a material adverse effect on our financial position, results of operations or cash flows.
 
Until August 2005 we held a $6.5 million deferred site development asset for our share of the monetary damages specified in an August 2004 settlement agreement between the Central Interstate Compact Commission (“CIC”) and the State of Nebraska. In August 2005, the State of Nebraska paid the CIC and the CIC paid us $11.8 million fully resolving our claim. The gain on the settlement of $5.3 million is included in Total other income on our Consolidated Statements of Operations and in Net cash provided by operating activities on our Consolidated Statements of Cash Flows for the year ended December 31, 2005.
 
Litigation


 



In the ordinary course of conducting business, we are involved
in judicial and administrative proceedings involving federal,
state or local governmental authorities. Actions may also be
brought by individuals or groups in connection with permitting
of planned facilities, alleged violations of existing permits,
or alleged damages suffered from exposure to hazardous
substances purportedly released from our operated sites, as well
as other litigation. We





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AMERICAN
ECOLOGY CORPORATION




 




NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)



 

 



maintain insurance intended to cover property and damage claims
asserted as a result of our operations. Periodically, management
reviews and may establish reserves for legal and administrative
matters, or fees expected to be incurred in connection
therewith. As of December 31, 2007, we did not have any
ongoing, pending or threatened legal action that management
believes would have a material adverse effect on our financial
position, results of operations or cash flows.


 



Until August 2005 we held a $6.5 million deferred site
development asset for our share of the monetary damages
specified in an August 2004 settlement agreement between the
Central Interstate Compact Commission (“CIC”) and the
State of Nebraska. In August 2005, the State of Nebraska paid
the CIC and the CIC paid us $11.8 million fully resolving
our claim. The gain on the settlement of $5.3 million is
included in Total other income on our Consolidated Statements of
Operations and in Net cash provided by operating activities on
our Consolidated Statements of Cash Flows for the year ended
December 31, 2005.


 




This excerpt taken from the ECOL 10-K filed Mar 9, 2007.
Litigation
 
In the ordinary course of conducting business, we are involved in judicial and administrative proceedings involving federal, state or local governmental authorities. Actions may also be brought by individuals or groups in connection with permitting of planned facilities, alleged violations of existing permits, or alleged damages suffered from exposure to hazardous substances purportedly released from our operated sites, as well as other litigation. We maintain insurance intended to cover property and damage claims asserted as a result of our operations. Periodically, management reviews and may establish reserves for legal and administrative matters, or fees expected to be incurred in connection therewith. As of December 31, 2006, we did not have any significant pending or threatened legal action that management believes would have a material adverse effect on our financial position, results of operations or cash flows.


51


Table of Contents

 
AMERICAN ECOLOGY CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 
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