Land Buyer’s Detrimental Reliance Claim Over Site Cleanup Prescribed, Judge Says

Mealey's (June 1, 2018, 10:47 AM EDT) -- NEW ORLEANS — A federal judge in Louisiana on May 30 held that buyers of land that is in the process of being remediated cannot pursue a counterclaim for detrimental reliance against the seller, finding that the claim sounds in tort rather than contract and that it is prescribed by a one-year statute of limitations (KFC Corp. v. Iron Horse of Metairie Road LLC, et al., No. 16-16791, E.D. La., 2018 U.S. Dist. LEXIS 89540)....