Studebaker Successor Liable For Cleanup Costs: SC

Law360, New York (January 26, 2009, 12:00 AM EST) -- The Indiana Supreme Court has ruled that Cooper Industries LLC, the successor to the long-dissolved Studebaker Corp., along with insurers of Studebaker, can be held liable for potentially tens of millions of dollars in cleanup costs for a massive industrial site.

On Thursday, the Indiana Supreme Court affirmed a lower court’s ruling allowing the City of South Bend to pursue a state environmental legal action statute against Cooper, which merged with the successor of the former wagon and automobile manufacturer Studebaker in 2004.

According to an...
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