The Burden of Environmental Regulation (Environmental Liabilities . . . : B. Corporate and Liability Consequences of Acquiring Environmentally Sensitive Properties)
In a case now in litigation, United States v. Chemical and Pigment Co., the United States is for the first time attempting to establish a federal rule imposing liability for CERCLA cleanup costs on successor corporations (those that acquire the assets of another). The proposed rule attempts to codify a policy that the Environmental Protection Agency (EPA) has enforced under CERCLA for several years.