A federal appeals court today upheld a jury’s $105M damage award against Exxon Mobil (XOM) for...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

A federal appeals court today upheld a jury’s $105M damage award against Exxon Mobil (XOM) for contaminating NYC wells with the gasoline additive MTBE. The award for compensatory damages to clean up contaminated wells was proper, the court said in its ruling, denying XOM’s challenge to the 2009 verdict. XOM says it will appeal to the U.S. Supreme Court.