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Purchase agreements

Greyhound Lines, Inc. v. Viad Corp.

A district court, in an underlying suit concerning indemnificaton for environmental cleanup, held that a corporation's counterclaims against a bus company for fraud and negligent misrepresentation are barred by Arizona's economic loss...

VFC Partners 26, LLC v. Cadlerocks Centennial Drive

The First Circuit reversed in part a lower court's judgment in favor of a lender in a dispute concerning environmental testing expenses associated with a foreclosure on a parcel of land following a loan default. The lender and borrower...

White Consol. Indus., Inc. v. Westinghouse Elec. Corp.

The court holds that the buyer of a facility contaminated with trichloroethylene (TCE) assumed responsibility for environmental liabilities in its purchase agreement with the seller. The court first holds that the seller's failure to...

Commander Oil Corp. v. Advance Food Serv. Equip.

The court, applying New York law, holds that indemnification provisions in an asset purchase agreement between a Comprehensive Environmental Response, Compensation, and Recovery Act (CERCLA) defendant and a third-party defendant, when...