Environmental & Safety Claims Against REC Silicon Settled
The terms of settlement involved agreement on future actions, the exchange of monetary consideration, the transfer of real estate, and the assignment of rights to the web domain RECisEXCEPTIONAL.com. The web site's stated mission was to "Require Environmental Compliance (REC)" and to promote safety at the Moses Lake facility.
The settlement between the parties included agreement on the text of a prepared statement which reads:
"REC Silicon and Vic Jansen have reached an agreement that resolves all issues of mutual concern and disputes between them. As a result of this agreement, the parties are able to announce the full and complete dismissal of all legal proceedings, and claims by each party against the other.
For REC and Mr. Jansen, the shared focus areas are worker safety, environmental compliance, and the economic vitality of the Moses Lake area and the local community. REC is committed to these matters, and will continue to give them the highest level of attention as it prepares for the expansion of its Moses Lake Plant, with the start-up of Silicon 4.0."