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Shell Hid $414M Payout To Get Cleanup Coverage

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Screen Shot 2013-07-20 at 12.11.46Law360, New York (September 04, 2013, 1:37 PM ET) — The state of New Hampshire accused Shell Oil Co. on Tuesday of concealing $414 million in insurance settlements of its pollution liabilities to tap $2.4 million in state-sponsored excess coverage it wasn’t entitled to.

The complaint in Merrimack County court argues that Shell deceived officials at…

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