7th Circuit Upholds Allocation Of Costs In CERCLA Action

Mealey's (August 9, 2019, 2:27 PM EDT) -- CHICAGO — A Seventh Circuit U.S. Court of Appeals panel on Aug. 8 affirmed a federal judge in Indiana’s ruling that a no-fault owner of a contaminated site should pay for 25 percent of the costs of remediating the property, holding that the buyer was aware of the extent of the contamination when it purchased the site, paid much less than the asking price and has an $80 million insurance policy for the property (Valbruna Slater Steel Corp., et al. v. Joslyn Manufacturing Co., et al., Nos. 18-2633, 18-2738, 7th Cir., 2019 U.S. App. LEXIS 23694)....