Allied Corp. v. Acme Solvents Reclaiming, Inc.

ELR Citation: ELR 20921
No(s). 86 C 20377 (N.D. Ill. Jan 26, 1993)

The court holds that a corporation that purchased all the assets of another corporation through a purchase agreement containing a "risk of loss" clause is not liable as a successor under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for the seller's improper pre-...