Environmental & Regulatory Finance

Capital for toxic tort, CERCLA, and environmental enforcement.

We fund both sides of environmental litigation — plaintiffs pursuing toxic tort and contamination claims, and regulated entities defending high-value enforcement actions where the defense has measurable asset value.

Environmental cases are technically complex and fact-intensive. Our underwriting team includes environmental subject matter expertise alongside outcome modeling.

Case Types We Fund
Toxic Tort
PFAS contamination, benzene exposure, industrial chemicals, and groundwater cases. Personal injury and property damage claims against industrial defendants.
CERCLA Contribution
Section 107 and Section 113 cost recovery claims by PRPs seeking contribution from other responsible parties at Superfund sites.
Environmental Enforcement
Citizen suit enforcement under Clean Air Act, Clean Water Act, and RCRA. Private enforcement of environmental violations with civil penalty and injunctive relief.
Penalty Defense
Capital for regulated entities defending against EPA, state environmental agency, and DOJ environmental penalty actions — where a successful defense preserves asset value.
Natural Resource Damages
NRD claims by state and federal trustees. Trustee-side and responsible party defense — both sides of NRD litigation can be funded based on claim merit.
Climate & ESG Litigation
Emerging climate change liability claims, greenwashing litigation, and ESG disclosure enforcement actions — assessed on factual merit and jurisdictional precedent.
Environmental Underwriting

Environmental litigation has long time horizons, complex causation chains, and multi-party allocation dynamics. Our underwriting models are trained on CERCLA contribution, NRD, and toxic tort court records — including allocation decisions that determine which parties bear what share of cleanup costs.

Defense-side funding is available where the regulated entity's defense preserves measurable asset value — typically in large penalty actions or NRD cases where the quantum of liability is contested and expert testimony determines the outcome. Defense funding is non-recourse, repaid only from the reduction in assessed liability versus the initial demand.

Terms
Minimum claim value
$1M (toxic tort); $2M+ (CERCLA/NRD)
Regulatory defense
Available where defense preserves asset value
Citizen suits
Civil penalty claims funded on merit
Multi-defendant
Contribution allocation modeling included
State + federal
EPA, state agency, and DOJ matters
Decision timeline
15–20 business days (expert review required)
How We Underwrite

Every capital decision at Criterica Capital is underwritten against outcomes, not collateral. Our models are trained on 106M+ real court records across US federal courts, state courts, and international jurisdictions.

We assess jurisdiction-level recovery rates, case-type outcome distributions, time-to-resolution curves, and attorney performance history before committing capital. No collateral. No credit check. Outcomes only.

01
Outcome models
23,500+ predictive models across case types and jurisdictions
02
Court record depth
106M+ verified decisions used in model training
03
Jurisdiction calibration
Circuit, district, and state-level recovery benchmarks
04
Recovery modeling
Expected value, settlement range, and duration estimates per case
Discuss environmental or regulatory litigation funding.
Contact Our Team