ASARCO LLC v. Union Pac. R.R. Co.

Ruling: 
Direct contribution claim was time barred where statute of limitations began to run upon bankruptcy court's approval of settlement.
Issue: 
Was debtor's ASARCO's direct contribution suit time-barred under CERCLA where the action was filed more than two years after the bankruptcy court approved the settlement of the original CERCLA litigation?
ABI Membership is required to access the full summary of ASARCO LLC v. Union Pac. R.R. Co.. 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 June 23,2014, LexisNexis #0714-041