New Damages Trial Ordered In Exxon Royalties Suit

Law360, New York (March 15, 2011, 6:53 PM EDT) -- A Texas appeals court on Tuesday ordered a new trial on damages in a dispute over royalties Milestone Operating Inc. and DSTJ LLP allegedly owe Exxon Mobil Corp. under an agreement that allowed them to drill on Exxon's oil and gas leases.

The Fourteenth Court of Appeals for the State of Texas refused to overturn a lower court's grant of default judgment to Exxon in the lawsuit but reversed the portion of the trial court‘s judgment that awarded monetary damages and interest for breach of contract,...
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