29 Aug 2025
🏢Proposed Modification of Consent Decree Under CERCLA Explained
Notice of Lodging of Proposed Modification of Consent Decree Under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”)
Summary
The Department of Justice has lodged a proposed modification to a consent decree related to the Chemclene Corporation's environmental liabilities. This modification allows for the sale of properties to satisfy the financial obligations of the defendants to the United States in connection with the Malvern TCE Superfund Site, inviting public comment on the modifications.
Agencies
- Justice Department
Business Impact
$$ - Med
The content discusses a proposed modification to a consent decree regarding environmental liability and financial obligations of the settlor businesses, impacting their financial responsibilities. Specifically, it outlines a sale of properties to satisfy financial obligations under CERCLA, which can affect business valuations and cash flow.