Texas High Court Spares Exxon $18M Jury Award

Law360, New York (March 30, 2009, 12:00 AM EDT) -- In two linked decisions, the Texas Supreme Court gave Exxon Mobil Corp. a big boost against owners and lessees of oil fields it formerly operated, reversing the appeals court’s support for an $18.7 million jury award to the landowners and nullifying Emerald Oil & Gas Co. LC's claims that Exxon is liable for sabotaging the wells.

Squarely ruling in Exxon's favor, the Texas high court found that the two-year statute of limitations blocked most of the royalty owners’ claims for damages related to Exxon's alleged sabotage...
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