Word: settlements
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Dates: during 1980-1989
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...that the substance contained dangerous concentrations of PCBs, a class of highly toxic industrial chemicals. That startling discovery in 1981 eventually led the Environmental Protection Agency to launch a major investigation of Texas Eastern, the Houston-based firm that supplied the gas to LILCO. Last week, in the largest settlement of an EPA case in history, Texas Eastern (1986 revenues: $4.1 billion) agreed to undertake a massive cleanup of PCB contamination along the company's 10,600-mile network of pipelines, which runs through 14 states, from Texas to New Jersey. The cleanup will cost Texas Eastern some $400 million...
...written a book about that troubled marriage: Shattered Dreams (Harper & Row; $17.95). Yet for all the humiliation the book is bound to bring John Fedders, he stands to benefit. Because the divorce is not final, the court has deemed the book to be community property. According to a preliminary settlement, John will get 25% of Charlotte's royalties...
...jury held that Texaco had illegally enticed Getty Oil to break a merger agreement with Pennzoil. Last April, facing a deadline to post bond for the judgment, Texaco became the largest firm in U.S. history to file for bankruptcy protection. Texaco had offered Pennzoil some $2 billion as a settlement; Pennzoil demanded more than $4 billion. Pennzoil's price reportedly has now risen to $6 billion...
...When no settlement was reached over the site, which is about 20 miles north of Boston, the school announced its investigation of the Beverly land, about 10 miles northeast of Cambridge...
...negotiators vacillating. In El Salvador, a brutal political slaying provoked the leftist guerrillas to cancel talks with the government. In Costa Rica, Nicaraguan Indian rebels charged that the Sandinistas had backed out of scheduled talks. And in Nicaragua, the Sandinistas reaffirmed their public line against negotiating an overall settlement with the U.S.-backed contra rebels, even as a regional peace plan is supposed to go into effect this week. Warned Comandante Bayardo Arce: "There will never, at any time or in any place, be any direct or indirect political dialogue with the counterrevolutionary leadership...