Citgo Unit Off The Hook In Oil Tanker Spill

Law360, New York (April 12, 2011, 8:11 PM EDT) -- A Pennsylvania federal judge ruled Tuesday that Citgo Asphalt Refining Co. wasn’t liable, contractually or otherwise, for a 2004 oil tanker spill in the Delaware River, holding that the company wasn’t obligated to check for the hazards that caused the disaster.

Judge John Fullam of the U.S. District Court for the Eastern District of Pennsylvania said Citgo wouldn’t face negligence, misrepresentation or breach of warranty claims related to an accident that disabled a vessel near a Citgo-operated port terminal and caused the 265,000-gallon oil spill....
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.