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Sunoco to Face $155 Million Damages Award Pending SCOTUS Review

Sept. 8, 2022, 5:35 PM

Sunoco Inc. must face a $155 million damages award to a class of well owners while it awaits the US Supreme Court’s decision on whether to consider a dispute over unpaid interest on late payments for crude oil, Justice Neil M. Gorsuch ruled Thursday.

Sunoco Inc. and Sunoco Partners Marketing & Terminals LP sought emergency relief Aug. 29, arguing that there’s no “realistic prospect that it could recover” the funds once it was distributed to the more than “53,000 class members.”

But the company’s rhetoric in its application for a stay was overblown, and the only imminent action the company ...