A federal judge granted final approval Wednesday of a $1.075 billion agreement between Exxon Mobil and thousands of gasoline dealers who sued the company, settling a 14-year fight that went to the U.S. Supreme Court. Exxon must deposit the total amount into a settlement fund within 35 days as part of U.S. District Court Judge Alan Gold's final approval, said Miami attorney Eugene Stearns, who represented the dealers at trial and on appeal. "This is essentially a surrender on Exxon's part," Stearns said.
April 07, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge granted final approval Wednesday of a $1.075 billion agreement between Exxon Mobil Corp. and thousands of gasoline dealers who sued the company, settling a 14-year fight that went to the U.S. Supreme Court.
Exxon must deposit the total amount of money into a settlement fund within 35 days as part of U.S. District Court Judge Alan Gold’s final approval, said Miami attorney Eugene Stearns, who represented the dealers at trial and on appeal.
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