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Exxon Resolves Slew Of MTBE Suits For $17.5M

Law360, New York (October 28, 2009) -- 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...

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