Brazil judge: Shell, BASF must put $382M in fund

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Associated Press

Posted on July 2, 2012 at 5:31 PM

Updated Monday, Jul 2 at 7:34 PM

SAO PAULO (AP) — A Brazilian judge has ordered Shell and BASF to pay $382 million into a workers compensation fund. That is to potentially cover more than 1,000 workers who may have been contaminated at an agricultural chemicals plant and are locked in a lawsuit with the companies.

BASF SA is the Brazilian subsidiary of the Germany-based chemicals company. It says it will appeal the ruling.

Shell Brasil SA says in a statement it'll abide by the ruling pending a higher court's decision on the overall class-action lawsuit.

Prosecutors demanded the companies pay into the compensation fund now.

In May, a judge rejected that request. But late last week, a higher court overruled, ordering the compensation be paid.

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