Union Pacific Says It Can't Be Railroaded Into Cleanup Fees

Law360, New York (July 5, 2012, 4:51 PM EDT) -- Union Pacific Railroad Co. is fighting Asarco LLC's bid to force the company into providing additional contributions for cleanup efforts at an Idaho Superfund site, arguing Tuesday that the formerly bankrupt Asarco cannot request funds before its own liability obligations have been met.

During Asarco's bankruptcy, the mining company — now owned by Grupo Mexico SAB — accepted a 22 percent liability share of the $2.56 billion total costs associated with environmental damages in the Coeur d'Alene basin, a 1,500-square mile area located in northern Idaho...
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.