0 results for 'Mobil'
Multidistrict Pollution Charges Against Oil Companies May Proceed, Federal Judge Rules
A federal judge in New York rejected motions to dismiss massive multidistrict litigation over the alleged contamination of groundwater by the major oil companies. In a decision that involved cases from New York to California to Florida, the judge found plaintiffs presented enough evidence to continue their pursuit of injunctive relief and the cleanup of groundwater contaminated by the gasoline additive known as MTBE.Punitives Take Hit, But How Hard?
The Supreme Court's most recent punitive damages decision -- this time in maritime law -- offers new fodder for those legal strategists. Whether the June 25 decision in Exxon Shipping Co. v. Baker reflects a new approach by the justices that could lead to additional and stricter limits on punitive awards outside the context of maritime law will have to await the next constitutional due process challenge that arrives at the high court.$11.5 Million SettlementReached in Asbestos Cases
Four consolidated asbestos cases against manufacturers and suppliers of products that contain asbestos have been settled for $11.5 million.Lay's Death Clouds Legal Process, Attorneys Say
The death Wednesday of Kenneth Lay, the founder and former chairman and CEO of Enron Corp., means that any restitution in the criminal case will probably be vacated and the future of the Securities and Exchange Commission and civil cases will be more difficult to pursue, according to attorneys following the case. In particular, new questions surround the seizure and forfeiture of assets. Says one attorney: "Those seeking to pursue his assets may or may not be able to find recovery."One rogue worker can take an entire company down
The question asked of the 2d Circuit in U.S. v. Ionia Mgmt. S.A. was whether the company should be criminally responsible when its employees commit criminal acts without corporate direction or authorization.The Importance of the Noncumulation Clause
In their Insurance Law column, Norman H. Dachs and Jonathan A. Dachs of Shayne, Dachs, Sauer & Dachs review cases involving whether one, or more than one, coverage limit is applicable when exposure to a dangerous physical condition such as lead paint or asbestos has occured over an extended period of time.Investments, not merits, decide case against big oil
Good news for BP Plc and other oil, coal and chemical companies seeped out last week from New Orleans, barely noticed in the blanket coverage of the as-yet uncontrolled oil gusher in the Gulf of Mexico. Without having to prove they deserved to, the companies won a widely watched global warming lawsuit. If it weren't for the unrelated disaster along the Gulf Coast, you would see more cheering about it from the energy sector.Trending Stories
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