- The U.S. Supreme Court rejects Exxon Mobil's (XOM +0.3%) appeal of a $105M jury verdict it was ordered to pay for contaminating underground water in NYC with a gasoline additive.
- XOM argued unsuccessfully that any award was premature because the city isn’t planning to use the disputed wells in Queens for another 15-20 years.
- New York had sued XOM and other oil companies in 2003, alleging they knew the substance would pollute groundwater; a New York-based federal appeals court last year upheld the 2009 jury verdict against the company.
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The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, BP, Royal Dutch Shell and TOTAL - Press Releasesat Zacks.com (Mar 19, 2015)
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