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Assumption of liabilities

Davis Oil Co. v. TS, Inc.

The court holds that under Louisiana law, the successor to a former oil company is directly liable for the cleanup costs of an abandoned oil lease site. When the original lessee conveyed to the company an oil and gas lease, the company...

Sumitomo Mach. Corp. of Am. v. AlliedSignal, Inc.

The court reverses a district court decision that an agreement requiring a company to remediate contaminated property its predecessor sold does not require the property's purchaser to execute deed restrictions limiting future property...