Settling a 14-year fight that also went to the Supreme Court, a Miami federal judge tentatively approved a $1.075 billion agreement between ExxonMobil and thousands of service station dealers on Wednesday. Exxon also agreed to end opposition to the dealers' claims. The case began in 1991 when the service stations accused Exxon of not providing promised discounts for wholesale motor fuel and fraudulently hiding its failure to pay. An Exxon spokeswoman called the settlement "a business judgment."
February 03, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge tentatively approved a $1.075 billion agreement between ExxonMobil Corp. and thousands of service station dealers who claim they were overcharged by the company, settling a 14-year fight that also went to the Supreme Court.
U.S. District Court Judge Alan Gold in Miami on Wednesday gave preliminary approval of the settlement, in which Exxon also agreed to end opposition to the dealers’ claims.
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