CB&I Ruling Deters CERCLA Cleanups, US Tells 3rd Circ.

Law360, New York (November 14, 2012, 4:48 PM EST) -- The U.S. government urged the Third Circuit on Tuesday to overturn a district court ruling allowing Chicago Bridge & Iron Co. to dodge environmental cleanup claims, arguing that the decision unfairly punishes Trinity Industries Inc. for entering into a consent decree with state environmental regulators.

Engineering and construction firm CB&I escaped contribution claims under the Comprehensive Environmental Response, Compensation and Liability Act when U.S. District Judge Gary L. Lancaster found that railcar- and barge-maker Trinity did not have legal standing to sue CB&I for cost recovery....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.