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Home / Opinion Digests / Bankruptcy – Plan Confirmation – Objections – Environmental Cleanup – Lender Liability (access required)

Bankruptcy – Plan Confirmation – Objections – Environmental Cleanup – Lender Liability (access required)

Where the bankruptcy court finds that debtor did not have the requisite control over a tenant's operations to be held liable for environmental contamination under a "lender liability" theory, the court will deny the motion of a holding company, who objects to the chapter 11 plan confirmation, to temporarily allow its $3 million claim under ...