Smith Land & Improvement Corp. v. Celotex Corp.
ELR Citation: ELR 21026 No(s). s. 87-5740, -5741 (3d Cir. Jun 30, 1988)
The court rules that caveat emptor is not a defense to liability for contribution under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and that the doctrine of corporate successor liability is appropriate in CERCLA contribution claims. The purchaser of a tract of ...