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Pennzoil refinery fire settlement.
Pennzoil-Quaker State Company
$9,075,000.00
net distribution.
The settlement.
$12,750,000.00 settlement on a subrogation/property damage and business interruption claim arising out of contaminated chlorides in pipeline system supplied to Pennzoil refinery, causing rapid corrosion and subsequent Naptha release and fire. Plaintiff received a net distribution totaling $9,075,000.00 after fees, expenses and costs of suit.
Read about the fire here.
