We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

PE Firm Can't Get Quick Win In Honeywell Chem Cleanup Row

Law360, Springfield (January 29, 2018, 9:29 PM EST) -- Indianapolis-based private equity firm Hammond Kennedy Whitney & Co. Inc. on Monday was denied a quick win against Honeywell International Inc., despite HKW's insistence it wasn't liable for the millions the appliance conglomerate must pay to clean up a chemical spill on the former owner's property.

U.S. District Judge John Blakey declined to grant HKW’s motion for summary judgment, finding that the firm's argument against liability for cleanup costs on land that had formerly been used as a trucking terminal was untrue on its face. HKW, which served as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.