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CHEMICAL WASTE MANAGEMENT RECEIVES STOCKHOLDER LAWSUIT

 OAK BROOK, Ill., Sept. 24 /PRNewswire/ -- Chemical Waste Management, Inc. (NYSE: CHW) announced today that it has been served with a lawsuit brought by a stockholder which seeks damages for alleged federal securities law violations. Also named as a defendant in the purported class action complaint was WMX Technologies, Inc. (the majority stockholder of Chemical Waste Management, Inc.).
 The complaint's principal allegation is that Chemical Waste Management has failed to make timely adjustments to the value of certain of the company's operating assets, principally its incineration facilities, and as a result has introduced misleading information into the market. The suit seeks attorneys fees and unspecified damages on behalf of all persons who purchased Chemical Waste Management stock from Feb. 4, 1993 through Sept. 3, 1993.
 A company spokesman said that the suit was meritless and said the company's public disclosures were appropriate. In July 1993, Chemical Waste Management announced that in response to the uncertain demand for off-site hazardous waste services related to remediation projects and overall weakness in the incineration market, it was reviewing the current configuration of the company and the valuation of certain operating assets. A company spokesman indicated that it expects to complete the review in September.
 Chemical Waste Management, Inc. is a leading provider of hazardous waste management services in North America, including waste reduction, recycling and resource recovery and collection, treatment and disposal services.
 -0- 9/24/93
 /CONTACT: William J. Plunkett for Chemical Waste Management, Inc., 708-572-8898/
 (CHW)


CO: Chemical Waste Management ST: Illinois IN: ENV SU:

TM -- NY089 -- 5646 09/24/93 20:11 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
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