On April 4, 2013, the Fourth Circuit Court of Appeals issued the first appellate decision interpreting the “bona fide prospective purchaser” (“BFPP”) defense. The BFPP defense exempts certain qualified individuals and entities from the stringent federal environmental cleanup liability imposed under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) . . .

Read the full article here: http://www.millernash.com/pcs-nitrogen-inc-v-ashley-ii-of-charleston-prospective-purchasers-beware-04-22-2013/