Oil Cos. To Shell Out $1.7M To Kids In MTBE Suit

Law360, New York (June 5, 2008, 12:00 AM EDT) -- A federal judge has signed off on a settlement that will pay a collective $1.7 million to 69 children, resolving one case in a multidistrict litigation that claims a slew of oil companies allowed a gasoline additive to leak into groundwater used by 153 public water providers in 17 states.

Judge Shira A. Scheindlin of the U.S. District Court for the Southern District of New York approved the settlement Tuesday, saying the funds were “in the best interest of the minor children” and “fair and reasonable.”...
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