California Statute Bars Pollution Claims Against Dissolved Company’s Shareholders

Mealey's ( May 5, 2023, 10:33 AM EDT) -- LOS ANGELES — A company that sought to recover response costs for the cleanup of a polluted property under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and California state law cannot recover from shareholders of a dissolved company because the state law that authorizes lawsuits against such shareholders contains a four-year statute of repose, a California federal judge held in granting dismissal of the claims against the shareholders....