ExxonMobil’s $105 Million MTBE Defeat Upheld on Appeal

July 26, 2013
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(Bloomberg Business)

A U.S. jury’s $104.7 million damage award against Exxon Mobil Corp. for contaminating New York City wells with the gasoline additive MTBE was upheld by a federal appeals court.

The award for compensatory damages to clean up contaminated wells was proper, the U.S. Court of Appeals in Manhattan said in a ruling today, denying Exxon Mobil’s challenge to the 2009 verdict. The Irving, Texas-based company said it plans to appeal the ruling to the U.S. Supreme Court.

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