Shearman And Sterling

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Jun 01, 1998

Supreme Court Clarifies The Scope of Parent Corporation Liability for Cleanup of a Subsidiary's Contaminated Properties

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In the nearly two decades since Congress enacted the Comprehensive Environmental Response, Compensation and Liability Act to clean up the nation’s most polluted sites, there has been extensive litigation, controversy and overall confusion regarding the extent to which corporate shareholders, otherwise known as “parents,” may be held responsible to clean up their subsidiaries’ polluted properties.

Download PDF: Supreme Court Clarifies The Scope of Parent Corporation Liability for Cleanup of a Subsidiary's Contaminated Properties

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