Company X was responsible for 40 percent of the environmenta…
Company X was responsible for 40 percent of the environmental pollutants on a hazardous waste site whereas Company Z was responsible for the remaining 60 percent. Under CERCLA, which of the following is true regarding the imposition of liability on the parties?
Read DetailsIn CASE 19.1 Gatz Properties, LLC v. Auriga Capital Corporat…
In CASE 19.1 Gatz Properties, LLC v. Auriga Capital Corporation (2012), Gatz Properties was the managing member of Peconic Bay, LLC, controlled by the Gatz family. After failing to disclose material offers for assets of the LLC, Gatz bought out the minority members’ interests in Gatz Properties LLC for $20,890. The minority members sued, winning over $800,000 based on Gatz’s breach of fiduciary duties. Gatz appealed. How did the court rule on appeal, and why?
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