|
|
"A comprehensive, collaborative elections resource."
|
Exxon, others must face gas price suit
|
|---|
| Parent(s) |
Issue
|
| Contributor | DFWDem |
| Last Edited | DFWDem Mar 28, 2007 03:35pm |
| Logged |
0
|
| Category | General |
| Media | Newspaper - Dallas Morning News |
| News Date | Wednesday, March 28, 2007 09:00:00 PM UTC0:0 |
| Description | Exxon Mobil Corp., the world's biggest publicly traded oil company, and four other U.S. gas retailers must face a lawsuit accusing them of conspiring to drive up the price of gasoline, a federal judge ruled.
Irving-based Exxon, Marathon Oil Company, Venezuela-owned Citgo Petroleum Corp. and U.S. affiliates of Royal Dutch Shell PLC and BP PLC are accused in the complaint of intentionally limiting the available gasoline supply, driving up prices and boosting profits, U.S. District Judge Amy St. Eve in Chicago said Wednesday.
"Facts consistent with these allegations could establish that defendants unjustly enriched themselves or acted deceptively or unfairly," St. Eve said, rejecting the companies' request that she dismiss the lawsuit, which seeks class-action status on behalf of all affected Illinois consumers. Some claims in the complaint were dismissed.
The ruling allows Chicago-area plaintiffs Michael and Rebecca Siegel, who filed the complaint under Illinois' consumer fraud statute, to demand evidence and testimony from the companies to buttress their claims, including records detailing the reasons for their production and pricing decisions. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
