Trafigura Pays $200M To Settle With Ivory Coast

Law360, New York (February 15, 2007, 12:00 AM EST) -- Dutch oil trading company Trafigura Company has agreed to pay $197 million to the Ivory Coast government to settle claims that it illegally dumped toxic waste onto the shores of Abidjan in August 2005.

In return, the government agreed to release three Trafigura executives, Claude Dauphin, Jean-Pierre Valentini and Nzi Kablan, who were jailed in the Ivory Coast in September.

The sludge that erupted near the city of Abidjan was a mix of highly toxic petrochemical waste and caustic soda that has so far killed 10...
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