First Independent Investment Group Property Acquisition and Environmental Remediation Investigation
We are assisting First Independent Bank, an investor group, in regards to its acquisition of various properties in southwest Washington. One of the properties has ongoing contamination issues, despite receipt of a No Further Action letter in 2003. Our engagement involves working with a consultant regarding the scope of work and results of the remedial investigation and negotiations regarding the selling bank’s indemnity obligations. We also are advising the client on potential contribution claims.