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Exxon Tries To Reverse $3.6B Award In Alabama

Law360 (February 6, 2007, 12:00 AM EST) -- Exxon Mobil Corp. told Alabama’s Supreme Court Tuesday that a $3.6 billion award levied against the oil company after a jury found that it committed fraud and underpaid the state for royalties on natural gas wells was excessive, and should be overturned.

Exxon Mobil’s general counsel, Charles Matthews, blamed the conflict between the company and the state of Alabama on a poorly drafted lease agreement, and insisted the company had not committed fraud.

“It’s a dangerous precedent for a state to be able to charge someone...
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