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David Seror, the court appointed federal bankruptcy trustee in the case, alleged that manager Dave Gable and the Haack family owners (90 year old Clarence and sons, Robert and John) siphoned assets from Halaco to open MagPro in Camden, Tennessee, (which recently suffered a spectacular fire damaging 15 percent of the plant) to avoid financing the cleanup. District Court hope to force the Haacks and Gable to pay up. According to preliminary EPA estimates, stabilizing and removing the slag heap could cost more than $150 million.

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