Oil Cos. Bail Out Of MTBE Case With $422M Check

By Shannon Henson

Law360, New York (May 08, 2008, 12:00 AM ET) -- Thirteen oil companies have agreed to pay $422 million to settle claims that they contaminated the water used by 153 public water providers in 17 states with the gasoline additive methyl tertiary-butyl ether.

In a deal filed Wednesday in the U.S. District Court for the Southern District of New York, BP Amoco Corp., Atlantic Richfield Company, Chevron USA Inc., ConocoPhillips Company, Shell Petroleum Inc., Marathon Oil Company, Valero Energy Inc., Citgo Petroleum Corp., Sunoco Inc., Hess Energy Inc., Flint Hills Resources Inc., El Paso Merchant Energy...
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