The Premcor Refining Group settled a multi-million dollar tax dispute with Jefferson County on Monday.
The case began in September 2005 when Valero acquired several properties after merging with The Premcor Refining Group.
A year later, Valero contested the 2006 appraisals of its Jefferson County properties by filing a lawsuit against the Jefferson County Appraisal District.
The suit alleged the assessments were excessive "because they exceed the refinery's market value and they are 'unequal' as compared to like properties."
Throughout the life of the lawsuit, the appraisal district has sought documents concerning the merger, information about Valero's financial status and information on Valero's business operations, court records show.
The case was set to go to trial on Tuesday, May 3, in Judge Shuffield's 136th District Court. However, the parties settled during mediation on May 2, a court official told the Southeast Texas Record.
Valero was represented in part by Houston attorneys Daryl L. Moore, Joann Storey, Lance H. Lubel and David Bernsen.
The appraisal district was represented in part by Beaumont attorney Amy Keith.
Case No. D177-734