It’s hard to believe that in 2011 there are still those that hold a naïve view of environmental due diligence and ask either implicitly or explicitly, “How bad can it be?”
I have no background (beyond what’s in the article) on the Kraft settlement of $8.1 million for contaminated groundwater. But this much is stated in the article, Kraft never owned or operated the facility; at a minimum, this settlement can help provide the answer to the aforementioned question about how bad it CAN be.
Here is a link to the article:
Also, here is a link our Environmental Minute on a related subject http://www.dragun.com/us/press/minute/merger_acquisition.pdf