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Category Archives: Value Assurance Plan

Growing Acceptance of Value Assurance Plans to Address Diminution of Property Value Claims

William A. Ruskin's Toxic Tort Litigtion Blog Posted on July 27, 2017 by William A. RuskinJuly 27, 2017

Some 25 years ago, I published an article in the Journal of Trial Advocacy that discussed the benefits of  implementing Value Assurance Plans (“VAPs”) as a strategy for dealing with community anxiety over the impact of environmental contamination on property values.  The article praised the creative approaches implemented by two well-known U.S. companies–Eastman Kodak Company (“Kodak”) and E.I. du Pont de Nemours  Company (“Du Pont”).  Kodak developed a VAP for neighborhoods in and around its Rochester, New York headquarters in 1988 following the discovery of contaminated groundwater in bedrock under its property fence line. Du Pont rolled out a VAP in Pompton Lakes, New Jersey in 1989 … Continue reading →

Posted in Value Assurance Plan | Tagged Almon v. McWane, Alvarez & Marsal, Corning, diminution of property value, Dupont, Kodak, toxic tort litigation, Value Assurance Programs, VAP | Leave a reply

William A. Ruskin

The Toxic Tort Litigation Blog reports on recent developments and trends in toxic tort, environmental and product liability litigation of interest to the defense bar.  It also explores the convergence of complex science and medicine and the law.
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