Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Delaware Court Approves WMI Settlement

Article-Delaware Court Approves WMI Settlement

Wilmington, Del. — In a shareholder lawsuit brought against former Waste Management Inc. (WMI) executives, a Delaware chancery court has approved a $23.7 million settlement. This case, which argues that WMI executives who engaged in questionable accounting practices should not receive severence packages, derives from a larger shareholder suit settled in Sept. 1999 for $220 million.