Georgia-Pacific Not Liable For N.J. Cleanup: Judge

Law360, New York (July 18, 2008, 12:00 AM EDT) -- A court has ruled that Georgia-Pacific Consumer Products LP is not liable for the cost of cleaning up environmental damage caused by four New Jersey paper mills it bought in 1972 because the liability arose under a statute enacted in 1980.

Judge Sidney H. Stein of the U.S. District Court for the Southern District of New York ruled last Wednesday that under the contract it signed to acquire the mills from International Paper Co., Georgia-Pacific's predecessor Riegel Products Corp. assumed “only those liabilities existing on the...
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