Exxon Resolves Slew Of MTBE Suits For $17.5M

Law360, New York (October 28, 2009, 5:42 PM EDT) -- Exxon Mobil Corp. has agreed to pay $17.5 million to settle 50 cases consolidated in the ongoing multidistrict litigation concerning its use of the gasoline additive methyl tertiary-butyl ether.

Fresh from the sting of an Oct. 18 jury verdict of $105 million in damages for contaminating New York City groundwater, Exxon filed a motion for settlement Tuesday in the U.S. District Court for the Southern District of New York.

The settlement ends 50 cases filed under the laws of 16 different states, Exxon said in a...
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