2 results found
Shook Hardy & Bacon LLP | USA | 1 Jul 2011
Fifth Circuit affirms denial of remediation cost claim from bankrupt company’s escrow account
The Fifth Circuit Court of Appeals has affirmed decisions of the bankruptcy court and a federal district court that the purchaser of a bankrupt company’s assets cannot recover the costs of environmental remediation from an escrow account established as part of the purchase agreement.
Shook Hardy & Bacon LLP | USA | 4 Mar 2011
Federal court dismisses CERCLA contribution claim against trustee
A federal court in California has dismissed a CERCLA contribution action against the trustee of a real estate trust that, from 1989 to 1996, owned a shopping center contaminated with perchloroethylene (PCE) in soil and groundwater.