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Gold/Mining/Energy : ATPG Shareholders
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To: Kramer38 who wrote (2857)3/21/2013 6:04:40 AM
From: Po Pimp   of 3620
 
Exxon decided to litigate everything, deny, and it cost them dearly in court awards, public opinion and share price
Short-term it may have cost them dearly, but long-term it was a brilliant move. Back in 1994 Exxon was ordered to pay about $5 bln in damages. They continued to fight it tooth and nail. Fifteen years later (2009) they finally owned up to paying about $500 mln.

Exxon got over big time and BP would have been wise to do the same. Big oil companies are already hated so who cares about short-term PR hits?
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