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News & Insights

NCR Wins Trial on Arranger Liability under Superfund Statute

July 11, 2012

On July 3, 2012, the U.S. District Court for the Eastern District of Wisconsin ruled that Cravath client NCR Corporation was not liable as an “arranger” under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as the “Superfund Statute.” Based on testimony and evidence presented during a seven-day bench trial in February 2012, Judge William Griesbach decided that NCR and facilities previously owned by NCR had not “arranged” for the disposal of hazardous waste into the Fox River in Wisconsin through the sale of PCB-containing paper scrap that resulted from the manufacturing of carbonless copy paper. This ruling saves NCR from approximately $100 million in liability to other corporations for the remediation of the Fox River and may have important implications in other actions, including a pending lawsuit brought by corporations seeking reimbursement for remediation of the Kalamazoo River in Michigan. 

The Cravath team included partners Evan R. Chesler and Darin P. McAtee and associates Omid H. Nasab, Rebecca R. Silber, Vanessa A. Lavely, Lindsay J. Smith, Lindsay W. Bowen, Owen J.M. Roth, Stephen W. Miller, Jennifer A. Jude, Stephen C. Mouritsen and Lauren Roberta Kennedy.

Related Practices & Industries

  • Litigation
  • Environmental
  • Technology

People

Photo
Name
Omid H. Nasab
Title
Litigation
Title
Partner
Email
onasab@cravath.com
Phone
+1-212-474-1972
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    Education

    • J.D., 2006, Columbia Law School
      Harlan Fiske Stone Scholar
    • A.B., 2002, Duke University

    Admitted In

    • New York
    Photo
    Name
    Vanessa A. Lavely
    Title
    Litigation
    Title
    Partner
    Email
    vlavely@cravath.com
    Phone
    +1-212-474-1718
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      Education

      • J.D., 2008, UCLA School of Law
        Order of the Coif
      • A.B., 2004, Harvard College
        magna cum laude

      Admitted In

      • New York
      Photo
      Name
      Evan R. Chesler
      Title
      Litigation
      Title
      Retired Partner
      Email
      echesler@cravath.com
      Phone
      +1-212-474-1243
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        Education

        • J.D., 1975, New York University School of Law
          Order of the Coif, John Norton Pomeroy Scholar, cum laude
        • M.A., 1973, Hunter College
          summa cum laude
        • A.B., 1970, New York University

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        Deals & Cases

        October 19, 2023

        NCR Atleos Corporation’s $2.085 Billion Credit Facilities and $1.35 Billion High‑Yield Senior Secured Notes Offering and NCR Voyix Corporation’s $700 Million Credit Facilities in Connection with Spin‑Off of NCR Atleos Corporation from NCR Voyix Corporation

        Cravath represented the administrative agent, joint lead arranger and joint bookrunner, in connection with $2.085 billion of credit facilities made available to NCR Atleos Corporation and $700 million of credit facilities made available to NCR Voyix Corporation (formerly known as NCR Corporation). The proceeds were used to partially finance the spin‑off of NCR Atleos Corporation, an industry‑leading financial technology company providing self‑directed banking solutions to a global customer base including financial institutions, retailers and consumers, from NCR Voyix Corporation, a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. The credit facilities made available to NCR Atleos Corporation consisted of a $500 million revolving credit facility, a $750 million term loan “A” facility and a $835 million term loan “B” facility. The credit facilities made available to NCR Voyix Corporation consisted of a $500 million revolving credit facility and a $200 million term loan “A” facility. The facilities closed on October 16, 2023.

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