In re Oldco M Corp.

Ruling: 
State environmental agency granted administrative expense for minimal remediation costs incurred prior to debtor's sale of subject property.
Procedural posture: 
A bankruptcy debtor was remediating groundwater contamination at its manufacturing facility, and the debtor sold the facility to a purchaser which continued the remediation efforts. A state environmental agency moved for allowance of a priority administrative expense under 11 U.S.C.S. § 503(b)(1)(A) for future remediation at the facility.
Issue: 
ABI Membership is required to access the full summary of In re Oldco M Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on September 07,2010, LexisNexis #0910-116