SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: April 16, 1996
PUBLICKER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
(State of incorporation)
1-3315 23-0991870
(Commission file number) (I.R.S. Employer
Identification No.)
1445 East Putnam Avenue
Old Greenwich, Connecticut 06870
(Address of principal executive offices) (Zip code)
(203) 637-4500
(Registrant's telephone number, including area code)
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Item 5. Other Events
Publicker Industries Inc. announced on April 15,
1996 that Judge John P. Fullam of the U.S.
District Court for the Eastern District of
Pennsylvania has entered
a Consent Decree that settles litigation among
the Company, the U.S. Environmental Protection
Agency (the "EPA") and the Pennsylvania
Department of Environmental Protection ("PADEP").
This concludes litigation that was commenced
against Publicker and its subsidiary, American
Cryogas, in December 1990 relating to the
Company's former alcohol and carbon dioxide
manufacturing facility in Philadelphia,
Pennsylvania.
The $14,350,000 settlement provides for payments
of $13,350,000 to the EPA and $1,000,000 to
PADEP. In April 1995, the Company deposited
$4,500,000 with the Court as payment of a portion
of the settlement with the EPA. During the next
30 days the Company will make an additional
deposit with the Court of $4,500,000, and will
make an initial payment of $350,000 to the
Commonwealth of Pennsylvania. The balance of
$5,000,000, plus interest, will be paid over the
next six years. The Company recorded a charge of
$14,350,000 during 1993 to cover this settlement.
Item 7. Financial Statements and Exhibits
None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
PUBLICKER
INDUSTRIES INC.
/s/Antonio L.
DeLise
Antonio L.
DeLise
Vice
President,
Chief
Financial Officer
and Secretary
Dated: April 16, 1996
