Don’t Get Stuck With the Bill: Understanding CERCLA Liability in Property Transactions – Update from Bick Law LLP

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is a federal statute that establishes requirements for cleaning up vacant and improved properties that have been contaminated with hazardous substances. Enacted in 1980 in response to concerns about widespread contamination within the chemical and petroleum industries, CERCLA continues to play a central role in environmental liability and cleanup responsibility today. …

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