7th Circuit Upholds Ruling That Buyer Must Indemnify Railroad For Cleanup Costs

Mealey's (April 2, 2021, 10:57 AM EDT) -- CHICAGO — A federal judge in Illinois’ ruling ordering a company that purchased a parcel of land from a railroad company to pay the full $10.5 million the parties agreed to pay the U.S. Environmental Protection Agency to remediate contamination from a Superfund site was affirmed by a Seventh Circuit U.S. Court of Appeals panel March 31, finding that no claims were raised during a 10-year indemnification period following the purchase....