🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Exxon settles Indonesia torture case that led to SEC official's ouster

Published 05/15/2023, 03:49 PM
Updated 05/15/2023, 04:07 PM
© Reuters. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes
XOM
-
NG
-

By Andrew Goudsward

(Reuters) - Exxon Mobil Corp (NYSE:XOM) on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed murder and torture.

The two sides said in a Washington, D.C., federal court filing that they had resolved the 2001 case. Agnieszka Fryszman, a lawyer for the Indonesian villagers at law firm Cohen Milstein Sellers & Toll, said the terms are confidential.

A spokesperson for Exxon Mobil said the settlement “brings closure for all parties.”

The lawsuit led to the abrupt 2021 resignation of Alex Oh as the U.S. Securities and Exchange Commission's enforcement director, after a U.S. judge raised concerns about Oh’s conduct while representing Exxon at law firm Paul, Weiss, Rifkind, Wharton & Garrison.

The Exxon case was set for a jury trial in Washington starting May 24 to decide whether the company was negligent in contracting with Indonesian soldiers to guard its operations in the country’s Aceh territory during a period of violence and unrest.

The lawsuit also sought to hold Exxon accountable for alleged atrocities committed by the soldiers.

Fryszman said the plaintiffs, 11 villagers who were not named in court filings, broke down in tears at news of the settlement.

“They've been fighting this case for 20 years against one of the world's most powerful corporations,” Fryszman said.

Exxon argued in court filings that there were insufficient links between the company and wrongdoing committed by Indonesian soldiers, an argument U.S. District Judge Royce Lamberth largely rejected last year.

© Reuters. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

Lamberth last year ordered Exxon to pay about $289,000 in sanctions after finding that Oh, while a partner at Paul Weiss, improperly accused opposing counsel of acting “unhinged” during a deposition.

Oh, who did not return to the law firm after her SEC resignation, did not immediately respond to a request for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.