Supreme Court Rejects Exxon Bid To Reclaim $150M

Law360, New York (January 12, 2009, 12:00 AM EST) -- The U.S. Supreme Court has refused to review Exxon Mobil Corp.'s bid to restore a U.S. Federal Energy Regulatory Commission finding that the energy giant is owed more than $150 million in refunds for its undervalued crude oil.

The high court's decision Monday to deny Exxon's petition for certiorari effectively affirmed a ruling in the U.S. Court of Appeals for the District of Columbia Circuit that overturned the refund award.

The case stems from a supplemental initial decision issued by a FERC administrative law judge in...
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