Shell Hid $414M Payout To Get Cleanup Coverage, NH Says

Law360, New York (September 04, 2013, 1:37 PM ET) -- The state of New Hampshire accused Shell Oil Co. on Tuesday of concealing $414 million in insurance settlements of its pollution liabilities to tap $2.4 million in state-sponsored excess coverage it wasn’t entitled to.

The complaint in Merrimack County court argues that Shell deceived officials at the state’s Oil Discharge and Disposal Cleanup Fund — an insurer of last resort — by failing to disclose insurance policies that covered subsurface contamination from its leaky underground storage facilities in the state.

According to attorney general Joseph Foster,...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers