2nd Circuit: Environmental Claims Against Texaco Fail; Discharged In Bankruptcy

2nd Circuit: Environmental Claims Against Texaco Fail; Discharged In Bankruptcy

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on Dec. 19 ruled that a realty company's claims against Texaco Inc. related to contamination from environmental cleanup efforts were discharged as a result of Texaco's bankruptcy and subsequent successful confirmation of its reorganization plan (Kling Realty Co. v. Texaco Inc. [In Re: Texaco Inc.], No. 11-4587, Chapter 11, 2nd Cir.).

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