Exxon Can't Dodge Flight Co.'s Suit Over $1.6B Land Deal

Law360, Houston (January 2, 2014, 5:23 PM EST) -- A Texas judge rejected Exxon Mobil Corp.'s bid to dodge a suit to enforce a purchase option held by an aviation services company on acreage the energy giant agreed to sell to Denbury Resources Inc. in a $1.6 billion transaction, according to records released Tuesday.

Harris County District Judge Randy Wilson denied without comment Exxon’s motion for summary judgment in which the company argued that Freeman Holdings LLC waived its preemptive purchase rights when it refused to match Denbury's offer to buy a 35.1-acre tract of...
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