Law 360

A lingering question haunts every acquisition of an industrial business: "What liabilities did we just buy?" Will the purchase bring along Comprehensive Environmental Response, Compensation and Liability Act liabilities for a plant that was shuttered decades ago, thousands of asbestos claims waiting to be filed or some other ticking time bomb toxic tort germinating in the mind of an enterprising plaintiffs' attorney or crusading regulator?

Authors: Dominic Rupprecht

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