Lockheed Martin Corp. v. Goodyear Tire & Rubber Co. (Sixth Circuit)
Loral Corporation, predecessor of Lockheed Martin agreed in 1987 to acquire certain assets and liabilities related to Goodyear’s aerospace business in Ohio. By the terms of the agreement, Loral acquired assets of GAC (Goodyear’s subsidiary) and Goodyear, and liabilities of GAC. In 2010, Lockheed Martin sued Goodyear and its insurers related to the cleanup costs associated with a facility that was owned by Goodyear prior to the transfer to Loral. The district court concluded that Goodyear, as the owner of the facility at the time it was contaminated, was liable to Lockheed Martin for the cleanup costs. We represented Goodyear on appeal to the Sixth Circuit to resolve issues related to the interpretation of the 1987 agreement between Goodyear and Loral.