Before discussing the potential claims, it is important to note that certain practical matters may bear upon the analysis of whether Acme should pursue claims against the previous owners. One critical factor in assessing the economic viability of pursuing these claims is the financial position of the previous owners. Even though Acme may be entitled to indemnification, the previous owners may not be able to pay these claims. Environmental litigation is costly, and the records we have provide no indication of whether the previous owners have retained sufficient assets to satisfy indemnification claims. Thus, regardless of whether Acme may have strong arguments in its favor, pursuing claims against the previous owners (beyond the simple submission of an indemnity notice) may be cost prohibitive.
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About the Author
Gary Kinder has taught over 1,000 writing programs for the American Bar Association, the Social Security Administration, PG&E, Kraft, Microsoft, and law firms like Jones Day, Sidley, and WilmerHale. His critically-acclaimed Ship of Gold in the Deep Blue Sea hit #7 on the New York Times Bestsellers List.