NuStar To Pay $1.2M To Settle Monitoring Suit

Law360, New York (March 18, 2010, 6:41 PM EDT) -- NuStar Energy LP’s pipeline unit has agreed to cough up more than $1.2 million to settle a lawsuit alleging the company failed to properly guard against oil spills at eight large-scale storage facilities in violation of the Clean Water Act.

San Antonio-based NuStar Pipeline Operating Partnership LP entered a consent decree with federal regulators Thursday in the U.S. District Court for the District of Nebraska, denying liability for the alleged infractions but agreeing to pay $450,000 in civil penalties and to spend roughly $768,000 on monitoring...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.