Colo. Sues ConocoPhillips Over $70M In Cleanup Funds

Law360, New York (January 30, 2012, 8:53 PM EST) -- Colorado is accusing ConocoPhillips Co. of concealing a $286 million insurance settlement to avoid paying back $70.6 million in cleanup costs to the state, according to a lawsuit filed Wednesday.

The complaint, filed in a Denver court by state officials, alleges ConocoPhillips “profited from polluting Colorado soil and water” while the state shelled out $70.6 million to cleanse contaminated sites owned by the company. The suit seeks repayment of those funds, among other damages.

That money was supposed to come back to the state, according to...
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