Exxon Mobil Corporation v. Lockheed Martin Corporation
Case Number:
4:16-cv-00906
Court:
Nature of Suit:
195(Contract Product Liability)
Judge:
Firms
Companies
- Berkshire Hathaway Inc.
- CNA Financial Corp.
- Exxon Mobil Corp.
- Lockheed Martin Corp.
- Loews Corp.
- Resolute Management Inc.
- State Street Corp.
Sectors & Industries:
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January 04, 2018
Exxon, Lockheed Settle $16M Asbestos Litigation Bill Dispute
Exxon Mobil Corp. and Lockheed Martin Corp. have reached a confidential agreement to settle a dispute over who is responsible for covering $16 million in costs associated with asbestos lawsuits stemming from a product line the oil giant acquired from the defense contractor in 1963, the companies announced Wednesday.
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April 05, 2016
Exxon Sues Lockheed Over Asbestos Litigation Bill
ExxonMobil bears no responsibility for covering Lockheed Martin's asbestos defense or settlement payments stemming from a product the oil giant acquired from the defense contractor in 1963, saying in a Texas federal suit Monday that coverage was never part of that deal.