JUDICIAL RELIEF FROM SUPERFUND CLAIMS - SOME GOOD-NEWS, POSSIBLY FLEETING, FOR BANKERS

The author explains the current status of the law of lender liability under the Comprehensive Environmental Response, Compensation, and Liab ility Act (CERCLA). He explains how CERCLA's controversial secured len der exemption has been affected by the Environmental Protection Agency 's (EPA) new Lender Liability Rule and reviews the leading judicial de cisions, including the last chapter in the notorious Fleet Factors lit igation. The author concludes with practical suggestions on how to avo id lender liability under CERCLA.