Exxon, Valero’s $9M Hot Fuel MDL Deal Wins Court OK

Law360, New York (December 11, 2012, 12:57 PM EST) -- A Kansas federal judge on Monday preliminarily approved revised settlements with Exxon Mobil Corp. and Valero Energy Corp. providing $5 million to plaintiffs and an additional $4 million in attorneys' fees in multidistrict litigation alleging the companies and others sold gas without revealing or accounting for temperature expansion.

U.S. District Judge Kathryn H. Vratil rejected the initial agreements last month while giving the tentative go-ahead to settlements providing plaintiffs with more than $16 million from BP PLC, Shell Oil Products US and three other companies. Exxon Mobil's...
To view the full article, register now.