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ExxonMobil Faces $1 Billion in Damages in Wake of Supreme Court Ruling
The U.S. Supreme Court handed a victory Thursday to 11,000 small gas station owners in a longstanding class action against ExxonMobil Corp. Rejecting the oil giant's request for a new trial, the high court ruled 5-4 that station owners in Florida and 34 other states were properly included in a single class action in U.S. District Court in Miami. As a result, Texas-based ExxonMobil will have to pay out more than $1.3 billion in damages.Discover 3Q profit more than doubles, card use up
Discover Financial Services says its third-quarter profit more than doubled as its customers used their cards more and late payments reached a new low. The Riverwoods, Ill.-based credit card issuer says net income soared to $642 million, or $1.18 per share. Wall Street was expecting profit of 96 cents per shareView more book results for the query "*"
Court Tightens Rules on Antitrust Suits
The U.S. Supreme Court says private plaintiffs must have more than "a bare assertion" of conspiracy to proceed with antitrust complaints. Bad news for Milberg Weiss.Trending Stories
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