He would not say who Freedom's insurance carrier was.
As of Thursday afternoon, at least 20 lawsuits had been filed against Freedom Industries. Most of those also listed West Virginia American Water as a defendant.
The source attempted to distance the two most visible company executives -- Gary Southern and Dennis P. Farrell -- from the company.
Southern made Freedom's only public statement to date, at a brief news conference last Friday. Freedom was dropped by its public relations firm on Sunday.
Southern is identified as the company's president on filings with the West Virginia secretary of state, but the source said he is not a stockholder and has been with the company for only two or three years.
Farrell is listed as president on the company's website and also in filings with the secretary of state.
The source said Farrell also had no ownership interest and had sold the company to Chemstream Holdings, a company that was set up for the purposes of acquiring Freedom and its affiliates, Poca Blending and Etowah River Terminal.
Those three companies, and a fourth, Crete Technologies, merged on Dec. 31, according to filings made with the secretary of state.
The source said the owner of Chemstream Holdings, and now Freedom, is J. Clifford Forrest, who also owns Rosebud Mining, based in Kittanning, Pa.
Forrest is listed as "manager" of Poca Blending and Etowah River Terminal in the merger filing.
Carl L. Kennedy II, Freedom's founder, who has two felony convictions, left the company in 2005, according to a secretary of state filing.
Reach David Gutman at david.gut...@wvgazette.com or 304-348-5119.