Exxon Says Court Reversed Award
From Bloomberg News
Exxon Mobil Corp. said the Alabama Supreme Court threw out a $3.5-billion damage award levied against the oil company for underpaying gas royalties owed the state.
The court reversed the jury verdict and sent the case back to a lower court for retrial, the company said.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
