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Exxon Mobil Corporation v. Saudi Basic Industries Corporation

Date: 03-21-2003

Case Number: Unknown

Judge: Unknown

Court: Superior Court, New Castle County, Delaware

Plaintiff's Attorney: James W. Quinn of Weil, Gotshal & Manges LLP, New York, New York

Defendant's Attorney: Kenneth R. Adamo of Jones Day, Cleveland, Ohio

Description:
Breach of contract claim by Exxon Mobil Corporation against Saudi Basic Industries Corporation relating to alleged overchages relating to licensing fees associated with two joing ventrures to make chemicals for plastics. Saudi Basic Industries operates 16 plants in Saudi Arabia that were build in 1976. Saudi Basic, aka Sabic, and Exxon Mobil's predecessors agreed in 1980 to build plats at Yanbu and Al-Jubail. Exxon Mobil claimed that Sabic failed to pay $184.1 million in fees due Exxon Mobil since 1980.


Defendant claimed that Sabic paid exactly what it believed it was required to pay under the agreements between the parties.

Outcome:
Plaintiff's verdict for $416.8 million.
Plaintiff's Experts:
Unknown
Defendant's Experts:
Unknown
Comments:
None
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About This Case

What was the outcome of Exxon Mobil Corporation v. Saudi Basic Industries Corpora...?

The outcome was: Plaintiff's verdict for $416.8 million.

Which court heard Exxon Mobil Corporation v. Saudi Basic Industries Corpora...?

This case was heard in Superior Court, New Castle County, Delaware, DE. The presiding judge was Unknown.

Who were the attorneys in Exxon Mobil Corporation v. Saudi Basic Industries Corpora...?

Plaintiff's attorney: James W. Quinn of Weil, Gotshal & Manges LLP, New York, New York. Defendant's attorney: Kenneth R. Adamo of Jones Day, Cleveland, Ohio.

When was Exxon Mobil Corporation v. Saudi Basic Industries Corpora... decided?

This case was decided on March 21, 2003.