NL Industries to pay $56.1M in Raritan Bay Slag Superfund settlement

NL INDUSTRIES INC

NL agreed to pay $56.1M plus interest as part of a $151.1M global CERCLA/NJ Spill Act settlement for the Raritan Bay Slag Superfund Site.
Structured payment: $35M due 7 business days after court approval, then two $10.55M payments at 6 and 12 months.
NL expects to recover $9.57M from 22 other settling private companies.
All monetary obligations previously accrued; settlement contingent on judicial approval after public comment.

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