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Court upholds $236M verdict in Exxon Mobil pollution case
2015-10-02 17:11:00| Energy - Topix.net
New Hampshire's highest court has ruled that a record $236 million judgment stands against Exxon Mobil in a groundwater contamination case. A jury reached the verdict in 2013 after finding the company liable in a long-running lawsuit over contamination by the gasoline additive MTBE.
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Appeals court upholds class action status in oil spill suit
2015-09-11 09:30:54| Oil & Gas - Topix.net
A federal appeals court says litigation alleging that BP misled investors about the rate of oil flowing after an offshore oil rig explosion in 2010 can proceed as a class action lawsuit. Tuesday's 5th U.S. Circuit Court of Appeals ruling means that the lawsuit, led by pension funds in New York and Ohio, can continue on behalf of all purchasers of certain types of BP securities during a 33-day period after the Deepwater Horizon disaster in the Gulf of Mexico.
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Appeals court upholds class action status in oil spill suit
2015-09-09 20:57:52| Energy - Topix.net
" A federal appeals court says litigation alleging that BP misled investors about the rate of oil flowing after an offshore oil rig explosion in 2010 can proceed as a class action lawsuit. Tuesday's 5th U.S. Circuit Court of Appeals ruling means that the lawsuit, led by pension funds in New York and Ohio, can continue on behalf of all purchasers of certain types of BP securities during a 33-day period after the Deepwater Horizon disaster in the Gulf of Mexico.
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Court upholds $96M award to Chevron in dispute with Ecuador
2015-08-04 19:58:01| Oil & Gas - Topix.net
A federal appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands-based international arbitration panel.
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U.S. appeals court upholds $96M to Chevron in contract dispute with Ecuador
2015-08-04 19:24:07| Energy - Topix.net
A U.S. appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands-based international arbitration panel.
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