NJ Proposes $130M Settlement In Passaic Pollution Suit

Law360, New York (June 11, 2013, 8:07 PM EDT) -- The New Jersey Department of Environmental Protection announced Tuesday a $130 million settlement to resolve claims partially with eight defendants out of the hundreds of corporations and municipalities accused of polluting the Passaic River with hazardous chemicals and waste products.

New Jersey’s DEP announced the settlement in conjunction with the state’s Acting Attorney General John Hoffman, naming Spain-based oil company Repsol SA; the Argentine energy companies YPF SA, YPF Holdings Inc. and YPF International; Maxus Energy Corp.; Maxus International Energy Co.; and Tierra Solutions Inc. as...
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