In a Law360 Expert Analysis article, MG+M The Law Firm Partners Brian Gross and Max Swetman and Associate Arielle Day discuss the US Environmental Protection Agency’s (EPA) proposed regulations around the use of per- and polyfluoroalkyl substances (PFAS) in industrial and consumer applications and the likely enormous impact on the US economy if these regulations are enacted.
Excerpt: Obviously, there could be extreme ramifications for any company with legacy or current PFAS pollution concerns. Consequently, corporations, insurers, banks, investment firms and private equity firms should keep a close eye on this proposed change in their due diligence calculations of risk. With the EPA road map requiring agency action in 2023, it is clear that these issues will come to a head in the next few months. Without a doubt, the EPA's decision will be challenged by industry. Affected industries should immediately begin assessing the impact on their business to determine whether they wish to file a challenge to the regulations.
Read the full article.