United States Third Circuit

The text of a retention of liabilities provision in a stock purchase agreement requires assumption of CERCLA responsibilities by the seller, rather than simply indemnification.

Appellate Information

• Argued 05/02/2005
• Decided 08/31/2005
• Published 08/31/2005

Judges

• Before:  NYGAARD, AMBRO and WEIS, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Gregory J. Coffey, Esquire (Argued), Coffey & Associates, Morristown, NJ, Greiner & Chadsey, Williamsville, NY, Of Counsel:  Deborah J. Chadsey, Esquire, Gregory J. Coffey, Esquire, On the Brief:  Gregory J. Coffey, Esquire, Deborah J. Chadsey, Esquire, Richard J. Deweand, Esquire, for Appellants, The Pullman Company, Rexon Technology Corporation and Mark IV Industries.


• For Appellees:
  
• H. Curtis Meanor, Esquire (Argued), J. Barry Cocoziello, Esquire, Steven R. Tombalakian, Esquire, Podvey, Sachs, Meanor, Catenacci, Hildner & Cocoziello, a Professional Corporation, Newark, NJ, for Appellee, Caldwell Trucking PRP Group.