de minimis settlement

de minimis settlement

A settlement agreement between the Environmental Protection Agency (EPA) and a property owner who may be technically liable for cleanup under the strict liability provisions of the Superfund, but who did not create nor contribute to the contamination and who acquired the property without knowing or having reason to know of the earlier contamination. Although a de minimis settlement is always a possibility, the EPA is by no means required to offer such a deal,so it is truly “buyer beware.”See CERCLA.

References in periodicals archive ?
Environmental Protection Agency announced today that it has issued de minimis settlement offers to approximately three hundred ninety (390) potentially responsible parties (PRPs) associated with the Cherokee Oil Superfund sites in Charlotte, North Carolina.
EPA has entered into a total of nine consent decrees and eight smaller de minimis settlements with more than 1,150 responsible parties.
This is the ninth in a series of de minimis settlements at the site.
However, de minimis settlements are entirely discretionary with U.
The number of de minimis settlements since 1986 can be counted on one hand.
This is the fifth in a series of de minimis settlements at the site.