A federal appeals court reinstates a lawsuit by Indonesian villagers that seeks to hold Exxon...

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

A federal appeals court reinstates a lawsuit by Indonesian villagers that seeks to hold Exxon Mobil (XOM -0.4%) liable for alleged killings and torture committed by Indonesian soldiers guarding a natural-gas plant in the country. The court rules that corporations can be held liable under a statute that allows U.S. jurisdiction over actions committed outside the U.S.