Fuel Dealers Seek $55M Payment In $1B Exxon Deal

Law360, New York (September 14, 2009, 3:32 PM EDT) -- Attorneys representing a class of about 12,000 motor fuel dealers that won a $1.075 billion settlement in a breach of contract suit against Exxon Corp. over alleged wholesale overcharges are pressing the court to speed up distribution of about $55 million to the plaintiffs.

Hoping to expedite payment of the $55 million — or a 5 percent reserve — and about $1 million in interest, counsel for the plaintiffs filed a motion Friday in the U.S. District Court for the Southern District of Florida seeking to...
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