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New Orleans-Based Oil Company Agrees to $475M Settlement over Oil Spill

$475M Settlement Proposed in Longest-Running US Oil Spill

$475M settlement proposed in oil spill

A New Orleans-based oil company has agreed to turn over a $432 million cleanup trust fund and pay an additional $43 million to settle a federal lawsuit over cleaning up abandoned wells leaking since 2004, federal prosecutors said Wednesday.

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