Fuel Dealers Seek $55M Payment In $1B Exxon Deal

Law360, New York (September 14, 2009, 3:32 PM EDT) -- Attorneys representing a class of about 12,000 motor fuel dealers that won a $1.075 billion settlement in a breach of contract suit against Exxon Corp. over alleged wholesale overcharges are pressing the court to speed up distribution of about $55 million to the plaintiffs.

Hoping to expedite payment of the $55 million — or a 5 percent reserve — and about $1 million in interest, counsel for the plaintiffs filed a motion Friday in the U.S. District Court for the Southern District of Florida seeking to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.