The agreement stems from a decade-old case that came to a head in 2005, when McWane was convicted of 20 felonies. The company appealed the ruling. The verdict, along with an $8 million fine, was overturned pending a new trial. If a judge accepts the plea, that trial won’t be necessary.
According to the Birmingham Business Journal report, McWane President Ruffner Page Jr. said his company has spent more than $300 million on operating expenses and capital projects relating to environmental and safety issues.