|April 8, 2010 – In an action to determine responsibility for soil and groundwater contamination, Lim Ruger has obtained a settlement agreement that is very favorable both for the environment and for Lim Ruger’s client, which owns the subject property and is a developer of lifestyle shopping centers. The settlement agreement requires one of the contaminators to spend millions of dollars to remediate the site at the contaminator’s sole expense.|
|In the same case, Lim Ruger has proceeded to trial against a second contaminator to obtain a money judgment that will fully compensate the property owner for the costs of investigating the scope of contamination and remediation activities.
Lim Ruger helped the owner to acquire the contaminated property pursuant to a purchase and sale agreement that provided for the seller to assign its claims against the parties that caused most of the contamination to the new owner. The successful outcome of the litigation against the contaminators has created a win-win situation for Lim Ruger’s client and the environment.
The Lim Ruger team consisted of litigator Bruce Iwasaki and transactional attorneys John Lim and Marc Manason.