Spill Act Innocent Purchaser Defense: What Does Due Diligence Really Provide?

In a New Jersey Law Journal article this week, Riker Danzig counsel Alexa Richman-La Londe explores the protections provided from New Jersey Spill Act liability for an “innocent purchaser.”  In particular, she discusses the challenges involved in securing innocent purchaser status in light of recent case law and the importance of well-considered due diligence.  Attempts to comply with the requirements continue to confound many purchasers of property and even counsel, putting their innocent purchaser status at risk.  Buyer beware.  

Click here for the article.  For more information, please contact Alexa Richman-La Londe at alalonde@riker.com or any attorney in our Environmental Practice Group.