Sterling Liable For $22M Superfund Site, Judge Says

Law360, New York (June 24, 2013, 7:44 PM EDT) -- A federal judge on Monday ruled that Sterling Centrecorp Inc. is liable for the government’s cleanup costs — which it has estimated to be at least $22 million — at the Lava Cap Mine Superfund site in California, finding Sterling's 1952 acquisition of Lava Cap's assets was a de facto merger. 

U.S. District Judge Morrison C. England Jr. found that Sterling assumed the liabilities of the mine’s former owner Lava Cap Gold Mining Corp., that Sterling is the successor to Lava Cap by de facto merger,...
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