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Politics : PRESIDENT GEORGE W. BUSH

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To: willcousa who wrote (492593)11/14/2003 1:12:36 PM
From: jackhach  Read Replies (2) of 769670
 
Will Bush\Cheney try to reverse this one; more corruption while Bush INC was Texas GOV?

State Jury Orders Exxon Mobil
To Pay Alabama $11.9 Billion

Associated Press

MONTGOMERY, Ala. -- A state jury returned an $11.9 billion judgment against Exxon Mobil Corp. on Friday in Alabama's suit over disputed natural-gas royalties.

The jury awarded $63.6 million in compensatory damages and $11.8 billion in punitive damages.

The award was more than the $9.3 billion that the state's attorneys had asked the jury to return after a four-week trial.

The state sued Exxon Mobil, Irving, Texas, in 1999, contending the company had violated its leases for natural-gas wells in state-owned waters along the Alabama coast.

The state accused the company of cheating Alabama out of millions of dollars by intentionally deducting too much in expenses for operating the wells.

Exxon Mobil's attorneys said the company has followed its leases with the state and owes Alabama nothing.

"We felt Exxon thought they were going to get away with this," said jury foreman Joe King, a Montgomery teacher. "We wanted to send a message that they were not, and that this corporation can't get away with doing wrong.''

Copyright © 2003 Associated Press

Updated November 14, 2003 1:05 p.m.
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