Slew Of Settlements Reached In MTBE Litigation

Law360, New York (September 22, 2008, 12:00 AM EDT) -- More than 40 individual lawsuits that were part of a consolidated case alleging gasoline refiners contaminated water with the carcinogen methyl tertiary-butyl ether were dismissed Thursday after settlements were reached.

Thursday's dismissals were with prejudice and require each party to bear its own costs and attorneys' fees. The amount of the settlement in each case was not available.

Judge Shira A Scheindlin, of the U.S. District Court for the Southern District of New York, approved portions of the $422 million settlement in late July. The out-of-court...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.