September 11, 1988
A former chairman of Ashland Oil was arrested in July for alleged conspiracy to steal confidential company documents and sell them to Iran for use in a lawsuit against the oil giant, the company said. In a statement from corporate headquarters in Ashland, Ky., officials confirmed a New York Times report that Orin Atkins had been arrested in New York and charged with interstate transportation of stolen property.
November 23, 1989 |
Ashland Oil agreed Wednesday to pay a record $4.7 million to Pennsylvania in civil penalties and other costs arising from the nation's worst inland oil spill, in a settlement that could affect other states facing similar cleanups. The money will cover about $660,000 in direct cleanup costs already incurred in the 1988 spill and will also provide $4 million--including $1.25 million in civil penalties--for state environmental and educational funds.
October 9, 1997 |
Ashland Inc. settled Federal Trade Commission charges that it misled consumers with ads touting the protection provided by the company's Valvoline TM8 engine treatment. The Russell, Ky.-based company agreed to limit advertising claims about the oil additive's ability to reduce engine-part wear. The settlement does not include a fine or an admission of wrongdoing. In July, Quaker State Corp.
May 16, 1997 |
USX Corp. and Ashland Inc. said Thursday that they will combine their oil-refining, marketing and transportation operations in a bid to cut costs in the competitive and profit-squeezed industry. The move is the latest by major oil firms to try to bolster results in refining and marketing. Shell Oil Co. and Texaco Inc., for example, recently announced a joint venture.
October 31, 1986 |
The Coast Guard searched the Ohio River on Thursday for two men reported missing after a barge exploded at an Ashland Oil Inc. dock where they had been installing a fire control system. The cause of the blast was under investigation.
June 1, 1990 |
Ashland Oil Inc. has been ordered to pay $10.3 million to four neighbors of its Catlettsburg, Ky., refinery who said emissions from the plant had hurt their health and damaged their property. Residents of Ceredo and Kenova, W. Va., and Catlettsburg, Ky., sued in state court after finding a caustic white substance on their cars and homes. The substance was not easily removed and damaged their property, they alleged.
February 19, 1990 |
The 20 class-action lawsuits filed against Ashland Oil Inc. for a 1988 diesel-fuel spill that disrupted water service in three states have been settled out of court for $30 million. The Friday agreement settles lawsuits filed after the collapse of a storage tank Jan. 2, 1988, at an Ashland terminal in Jefferson, Pa.