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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.