When the oilman comes calling

Exxon Mobil Corp. is suing Corporación CIMEX and the Unión Cuba-Petróleo, or CUPET, for “unlawful trafficking” of properties that Cuban authorities confiscated in 1960. Total damages could exceed $6 billion, which is more than the Cuban companies are worth. Exxon’s lawsuit, filed May 2 in U.S. District Court in Washington, D.C., states: CIMEX uses and … Read more