Posted by William Wagner Partner at Taft Stettinius and Hollister LLP
EDR Insight often receives questions from risk managers at financial institutions looking for examples of cases in which property contamination impacted a lender. For today’s Technical Brief, EDR Insight is honored to have Bill Wagner summarize a recent case in Illinois involving a lender that foreclosed on a residential property that was contaminated by a neighboring dry cleaner. In the following piece, Bill highlights what the bank might have done differently to reduce its environmental exposure and how other financial institutions can avoid similar actions.
Bill Wagner is a seasoned trial lawyer who concentrates his practice on environmental law, complex litigation, and white collar criminal defense. He represents clients in matters involving environmental contamination, class action personal injury and toxic tort claims, remediation cost recovery claims, and federal and state enforcement actions. Bill has been honored by inclusion in Best Lawyers in America, has been regularly recognized as an Indiana Super Lawyer, has been named a Fellow of Litigation Counsel of America, The Trial Lawyer Honorary Society, and Life Fellow of the Indiana Bar Foundation, and has received the highest professional rating (AV) from Martindale Hubbell.