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In a verdict that defendant ExxonMobil Corp. called "manifestly unfair," a Montgomery, Ala., jury awarded the state more than $3.5 billion over disputed royalty payments on natural gas taken from 13 wells in Alabama waters. The jury found the oil company had committed fraud by underpaying the state about $40 million over a six-year period. Exxon denied any fraud and vowed to appeal.
December 29, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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