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Compliance & Transactions

Overview


Contact: Robert Falk or Bruce Reed Goodmiller

Morrison & Foerster regularly advises businesses and public agencies in the management of environmental issues arising at their facilities and assist them in obtaining local, state, and federal government permits and approvals.

The firm has substantial expertise in permitting and regulatory work involving mobile and stationary air contaminant sources, storm and waste water discharges, wetlands, hazardous waste characterization and management issues, drinking water suppliers, innovative recycling and reclamation projects, and facility closures.

The firm works with clients to audit compliance with regulatory requirements, develop training programs, and help spot and resolve instances of non-compliance in advance of enforcement problems.  The firm also advises clients on all aspects of chemical and pesticide handling, and on the use of risk assessments.

In addition, the firm routinely assists clients in identifying, evaluating, and addressing the environmental risks associated with the acquisition, sale, or financing of real property and businesses. The firm drafts and negotiates specialized indemnity provisions in asset and stock purchases, mergers and acquisitions, and lease and financing agreements, and structure transactions to limit personal and corporate liability. The firm also performs comprehensive due diligence reviews of land use entitlement and environmental permitting/compliance requirements and consults with government agencies to address unresolved matters prior to a closing.

Representative Matters

Conducted diligence on behalf of Wells Fargo Foothill, Inc. into Safety-Kleen's potential liabilities for cleanup costs, environmental compliance issues, and pending environmental litigation. This work applied to all of Safety Kleen's facilities, of which there were hundreds of located across the U.S. In addition, we also conducted detailed reviews of 29 properties which were presented as collateral for the loan.

Representation of Hitachi in the acquisition of IBM's hard disk drive division, which included manufacturing facilities in the United States and a number of Asian countries. Conducted environmental due diligence and drafted indemnities to allocate environmental responsibilities, including responsibilities related to substantial historic contamination at several facilities.

Represent Fujitsu in the restructuring and expansion of its flash memory joint venture with Advanced Micro Devices, Inc. (AMD), resulting in the creation of a fully integrated stand-alone flash company with 7000 employees and annual sales on formation of $3 billion. Conducted environmental due diligence and drafted environmental remediation agreement, including indemnity provisions and cleanup covenants, to allocate environmental responsibilities, including responsibilities related to historic environmental contamination and Superfund site liabilities.

Mid-American Energy Company. Developed and carried out an environmental compliance audit of Mid-American's electric generating facilities in Iowa, Illinois, New York and Texas, and provided follow-up advice regarding matters identified in those audits.