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Gray Chemical Company manufactured pesticides that were toxic. Over the course of several years, the toxic waste contaminated the air and water around the company's

Gray Chemical Company manufactured pesticides that were toxic. Over the course of several years, the toxic waste contaminated the air and water around the company's plant. Several employees suffered toxic poisoning, and the Environmental Protection Agency cited the company for violations. In court, the judge fol1nd Gray gl1ilty and imposed fines of $15 million. The company voluntarily set up a charitable fund for the purpose of bettering the environment and funded it with $8 million. The company incl1rred legal expenses in setting up the foundation and defending itself in court. The court reduced the fine from $15 million to $7 million. Research Problems THOMSON REUTERS CHECKPOINT'" If possible in FIRAC format

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