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Gerald Cohen

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Ex-CEO Ordered To Pay $48M For Discharging Hazardous Substances At Port Jefferson Site Ex-CEO Ordered To Pay $48M For Discharging Hazardous Substances At Port Jefferson Site
Ex-ceo Ordered To Pay $48M For Discharging Hazardous Substances At Port Jefferson Site A longtime defense contractor on Long Island has agreed to pay nearly $50 million for environmental cleanup costs and penalties. Former CEO of Lawrence Aviation Industries (LAI) Gerald Cohen was found guilty of discharging hazardous substances at LAI’s Port Jefferson facility. The court determined that LAI and Cohen were responsible for $48,116,024.31 in costs incurred by the EPA in cleaning up the site. Cohen and LAI were both assessed a $750,000 fine as well for their failure to comply with requests for information from the EPA. According to U.S. Attorney Richard Donoghue, Cohen and LAI…

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by Zak Failla