Exxon Ordered to Pay Damages to Gas Stations
A federal judge has ordered Exxon Mobil Corp. to pay damages to more than 10,000 gas station owners, saying it overcharged them for gasoline for more than a decade, a ruling that could cost the company $1.3 billion, an attorney for the plaintiffs said Friday.
A spokeswoman for Exxon, the world’s largest listed oil company, said it would appeal the decision. It recorded a $550-million charge against earnings last year to account for potential damages in the case.
Under the order handed down in Miami by Judge Alan Gold on Wednesday, Exxon would have to pay damages of 1.3 cents a gallon on gasoline the dealers bought from the company from 1983 to 1994, attorney Mark Dikeman said.
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