According to William G. Passannante, co-chair of Anderson Kill's insurance recovery group:

“Where I see it come up most often is with regard to acquisition or divestiture activity”

“Directors can get second-guessed” about environmental liabilities, Mr. Passannante said. “The question is whether what you're talking about, really, is an environmental claim or is it really a claim related to a mistake in the valuation of the corporate assets.”

To read the full story: Environmental responsibility is latest front in D&O litigation