Magnetics may buy a plant site in San Diego. Before it agrees to buy the site, what should it do to protect itself from possible CERCLA liability?

Question

Quizplus · Accepted Answer

To protect itself from possible CERCLA liability, Magnetics should take a multi-pronged approach that includes checking the history of companies that occupied the site to determine if they might have dumped toxic wastes, having an environmental audit performed for the property, and checking to see if the companies that occupied the property have been cited as responsible parties in CERCLA actions. By doing all of these things, Magnetics can ensure that it is fully informed about any potential environmental liability associated with the site and can take appropriate measures to address any issues before taking ownership of the property.

Magnetics May Buy a Plant Site in San Diego