Leon County, Florida v. Federal Housing Finance Agency
The Eleventh Circuit affirmed a lower court decision dismissing a county's lawsuit challenging a Federal Housing Finance Agency (FHFA) directive advising Fannie Mae and Freddie Mac to refrain from purchasing mortgages encumbered with certain first-priority lien obligations under the Property Assesse...
Gellert v. Coltec Industries, Inc.
A bankruptcy court denied a company's motion to dismiss a bankruptcy trustee's CERCLA §107 claim against it for response costs incurred by the debtor to EPA, New York, and a manufacturer as a result of the debtor's settlement of their CERCLA claims. The company argued that the trustee cannot recove...
Indiana Gas Co. v. Indiana Finance Authority
An Indiana appeals court reversed the Indiana Utility Regulatory Commission's approval of a purchase and sales agreement for "substitute natural gas" an energy company plans to produce at its new coal gasification plant. The contract meets the common law definition of an enforceable contract. It als...
Babylon v. Federal Housing Finance Agency
The Second Circuit upheld the dismissal of two lawsuits challenging a Federal Housing Finance Agency (FHFA) directive directing Fannie Mae and Freddie Mac to take "prudential actions" to protect themselves against risks raised by Property Assessed Clean Energy (PACE) programs that impose priority- o...
Cyprus Amax Minerals Co. v. CBS Operations, Inc.
A district court held that the bar to transfer of CERCLA liability applies to contribution claims brought between and among third parties, not just the U.S. government. CERCLA §107(e)(1) provides that "no indemnification, hold harmless, or similar agreement or conveyance shall be effective to trans...