Exxon Units Cough Up $32M To End Gas Royalty Suit

Law360, New York (April 6, 2010, 2:44 PM EDT) -- Two Exxon Mobil Corp. units have agreed to pay $32.2 million to resolve allegations that they violated the False Claims Act by knowingly underpaying royalties owed on natural gas produced from federal and American Indian leases.

The settlement, reached in the U.S. District Court for the Eastern District of Texas, resolves claims in a lawsuit filed by Harrold E. Wright, who is now dead, in 1998 on behalf of the United States against a who's who of energy companies and their subsidiaries.

Exxon spokesman David Eglinton...
To view the full article, register now.