Printer Friendly

SMITHKLINE BEECHAM FILES SUIT AGAINST ROHM AND HAAS

 SMITHKLINE BEECHAM FILES SUIT AGAINST ROHM AND HAAS
 PHILADELPHIA, Sept. 16 /PRNewswire/ -- SmithKline Beecham


(NYSE: SBH) announced today that it has filed suit against Rohm and Haas Company (NYSE: ROH) in the U.S. District Court for the Eastern District of Pennsylvania.
 The lawsuit seeks indemnification and cost recovery from Rohm and Haas in connection with the cleanup of the Whitmoyer Laboratories superfund site in Myerstown, Pa.
 SmithKline Beecham and Rohm and Haas have entered into a consent decree with the U.S. Environmental Protection Agency (EPA) providing for the cleanup of the Whitmoyer site. The EPA has estimated costs at $125 million for the cleanup.
 The need for the cleanup results from operations during a period beginning more than 20 years before Beecham Inc., a predecessor company of SmithKline Beechman, purchased stock ownership of Whitmoyer Laboratories from Rohm and Haas in 1978. SmithKline Beecham said it believes the terms of the purchase agreement entitle it to indemnification in respect of this cleanup.
 Whitmoyer Laboratories began operation in 1934, and was acquired by Rohm and Haas in 1964. Beecham disposed of its interest in Whitmoyer Laboratories in 1982.
 /delval/
 -0- 7/31/91
 /CONTACT: Jeremy Heymsfeld of SmithKline Beecham, 215-751-5166/
 (SBH ROH) CO: SmithKline Beecham; Rohm and Haas Company; Whitmoyer Laboratories ST: Pennsylvania IN: MTC SU:


LD -- PH043 -- 0919 09/17/92 19:34 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 17, 1992
Words:225
Previous Article:DEPARTMENT OF ENERGY TO HOST NATIONAL INNOVATION WORKSHOP IN ALBUQUERQUE
Next Article:FRAME RELAY FORUM ANNOUNCES NNI AGREEMENT
Topics:


Related Articles
SMITHKLINE BEECHAM CLINICAL LABORATORIES ESTABLISHES BELGIUM FACILITY
SMITHKLINE BEECHAM FILES SUIT AGAINST ROHM AND HAAS
SMITHKLINE BEECHAM CLINICAL LABORATORIES COMPLETES PURCHASE AGREEMENT FOR ALLIED CLINICAL LABORATORIES' SOUTHERN CALIFORNIA CORE OPERATIONS
ALAIN GOMEZ RESIGNS FROM SMITHKLINE BEECHAM BOARD OF DIRECTORS
ROHM AND HAAS INCREASES ACCRUAL FOR REMEDIATION OF WASTE SITE IN MYERSTOWN, PENNSYLVANIA
ROHM AND HAAS PATENTS UPHELD OVER CHALLENGE BY BROTECH
COURT RULES IN ROHM AND HAAS'S FAVOR ON REMEDIATION OF A WASTE SITE IN MYERSTOWN, PENNSYLVANIA
SmithKline Beecham Settles Medicare Dispute for $325 Million
SmithKline Beecham, Related Entities Ratings Raised by S&P - Standard & Poor's CreditWire -
Quest Diagnostics Completes Acquisition of SmithKline Beecham Clinical Laboratories.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters