Exxon Mobil Corp. wasn’t required to defend BP Products North America in multiple lawsuits seeking more than $1 billion for damages caused by a Brooklyn oil spill, the Second Circuit ruled Friday.
The US Second Circuit Court of Appeals rejected BP’s argument that its legal fees and any losses incurred from the 23 personal injury and property damage lawsuits after petroleum had migrated under residential and commercial properties in Brooklyn’s Greenpoint neighborhood should have been completely covered by Exxon, based on a decades-old agreement.
The 1993 agreement entered into by the two companies’ predecessors to remediate the oil spill is ...
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