Diligence on environmental liabilities in real estate transactions is reasonably basic stuff. But one does the diligence in order to avoid litigation. When a lawsuit happens, it can serve as a reminder of basic points about why environmental due diligence makes sense and what sorts of claims arise when bad things happen after a deal closes. A recent opinion in CSX Transportation v. 2712 Investors, Civil Action No. 14-7148 (E.D. Pa. Apr. 29, 2015), provided such a reminder that I shared in my May Environmental Practice column for the Pennsylvania Law Weekly.
Read Doing Environmental Due Diligence for the Right Reasons, 38 Pa. L. Weekly 460 (May 19, 2015), by clicking here.