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Citgo Settles $40M MTBE Defense Coverage Suit

By Jeremy Heallen (April 10, 2014, 5:00 PM EDT) -- Citgo Petroleum Corp. settled a suit in Texas state court against an insurance unit of Ace Ltd. in which it was seeking up to $40 million to cover multidistrict litigation alleging the company's defective gasoline containing methyl tertiary butyl ether caused environmental pollution, an attorney said Thursday....

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