Bankruptcy Treatment of Environmental Liabilities: A Refresher and Issues to Consider

AM Int’l v. Datacard Corp., 106 F.3d 1342, 1348-49 (7th Cir. 1997); U.S. v. The LTV Corp. (In re Chateaugay Corp.), 944 F.2d 997 (2d Cir. 1991); Torwico Electronics v. State of New Jersey, Dep’t of Environmental Protection (In re Torwico Electronics Inc.), 8 F.3d 146 (3d. Cir. 1993); CMC Heartland Partners, 966 F.2d 1143 (7th Cir. 1992); Texaco Inc. v. Board of Commissioners for the LaFourche Basin Levee District (In re Texaco Inc.), 254 B.R. 536 (S.D.N.Y. 2000); In re Tronox Inc., 2021 WL 653148 (S.D.N.Y. Feb. 19, 2021); In re Nat’l Gypsum Co., 139 B.R. 397, 407 (N.D. Tex. 1992); Matter of Chicago, Milwaukee, St. Paul & Pacific R.R. Co., 974 F.2d 775 (7th Cir. 1992); In re Jensen, 995 F.2d 925 (9th Cir. 1993); In re Crystal Oil, 158, F.3d 291, 295 (5th Cir. 1998); United Artists Theatre Circuit Inc. v. California Regional Water Quality Control Bd., 42 Cal. App. 5th 851, 893 (Cal. Ct. App. 2019) (quoting In re SNTL Corp., 571 F.3d 826, 839 (9th Cir. 2009); In re Munce’s Superior Petroleum Prod., Inc., 736 F.3d 567 (1st Cir. 2013); In re N.P. Mining Co. Inc., 963 F.2d 1449 (11th Cir. 1992); In re Jones Transfer Co., 1996 WL 33674288, *2 (E.D. Mich. June 18, 1996); In re Mahoney-Troast Construction Co., 189 B.R. 57 (Bkrtcy. D.N.J. 1995); In re Beker Industries Corp., 64 B.R. 900 (Bankr. S.D.N.Y. 1986); Ninth Avenue Remedial Group v. Allis-Chambers Corp., 195 B.R. 716, 722-23 (N.D. Ind. 1996); Atlantic Richfield Co. v. Christian, 140 S. Ct. 1335 (2020).