Printer Friendly

ASHLAND OIL SETTLES WITH MOST OF INDIVIDUALS IN REFINERY LAWSUITS

 ASHLAND, Ky., Feb. 22 /PRNewswire/ -- Ashland Oil, Inc. (NYSE: ASH) today reported that it has settled with about 96 percent of the individuals involved in four pending civil lawsuits that sought damages for alleged emissions from the company's Catlettsburg, Ky., petroleum refinery.
 "We are pleased to have reached agreements with the overwhelming majority of individuals involved in this four-year legal dispute," said John R. Hall, Ashland Oil chairman and chief executive officer. "Although we believe that Ashland was not liable for any of the claims made in the lawsuits, the expected long-term cost of defending the company and the disruption of our business and the community led us to these settlements."
 The settlements call for individual claims against Ashland to be dismissed. Although terms of the settlements are subject to a court confidentiality order, Hall said the agreements will have no adverse effect on Ashland's earnings.
 The four lawsuits involved in the settlements were filed in West Virginia State Circuit Court and U.S. District Court between 1988 and 1990, and originally involved approximately 1,600 individuals. Currently, the lawsuits involve 740 individuals and 709 have accepted the company's settlement offer.
 The lawsuits made claims of negligence, trespass, personal injury and nuisance. In 1990, a jury awarded $10.32 million in compensatory and punitive damages to four individuals involved in one of the lawsuits. The verdict was reversed in December 1991 by the West Virginia Supreme Court of Appeals. The suits were transferred to Cabell County (West Virginia) Circuit Court in 1992 and one case was removed to U.S. District Court in Huntington, W.Va. Settlement discussions began in December 1992 at the request of Circuit Court Judge Dan O'Hanlon.
 -0- 2/22/93
 /CONTACT: Roger Schrum of Ashland Oil, 606-329-4061/
 (ASH)


CO: Ashland Oil, Inc. ST: Kentucky, West Virginia IN: OIL SU:

CD -- PG009 -- 0067 02/22/93 14:17 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 22, 1993
Words:313
Previous Article:KEY CENTURION ANNOUNCES APRIL DIVIDEND
Next Article:ENERGY TAX WILL INCREASE NATURAL GAS BILL
Topics:


Related Articles
WEST VIRGINIA APPEALS COURT REVERSES $10.32 MILLION JURY AWARD AGAINST ASHLAND OIL
EL PASO REFINERY FILES TWO LAWSUITS
ASHLAND REFINERY UNIT BACK IN OPERATION; OTHER REPAIRS WILL NOT CAUSE GASOLINE PRODUCTION PROBLEMS
SUN SIGNS AGREEMENT TO REDUCE REFINERY EMISSIONS
ASHLAND REPORTS SUBSTANTIALLY HIGHER EARNINGS FOR FISCAL 1994
ASHLAND REPORTS MARCH QUARTER RESULTS
Blinded by statistics: don't be fooled by injury statistics. They don't tell the whole story.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters