In a decision important for anyone facing the remediation of contaminated property, the United States Court of Appeals for the Seventh Circuit recently joined the Second and Eighth Circuits in holding that a company that "voluntarily" performs a cleanup may recover some or all of its costs under Section 107 of the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA," often known as "Superfund"), even though it may itself be a liable party under CERCLA.

To read the full memorandum, please click on the PDF link above.

Source: The Real Estate Finance Journal
Leave Drinker Biddle to Learn More