Printer Friendly

FLORIDA SUPREME COURT AGAIN INTERVENES IN MOBIL COST JUDGMENT

 FLORIDA SUPREME COURT AGAIN INTERVENES IN MOBIL COST JUDGMENT
 TALLAHASSEE, Fla., May 26 /PRNewswire/ -- Coastal Petroleum Company today said the Florida Supreme Court again has ordered a lower court to reconsider its $2.1 million award to Mobil Oil Corp. for legal costs incurred in the companies' protracted dispute over phosphate mining rights in south-central Florida.
 Coastal said the $2.1 million cost judgment -- originally entered and paid five years ago -- was reviewed last July by the Florida Supreme Court, which remanded the case to the trial court for reconsideration.
 The trial court, however, elected to reaffirm its earlier judgment without further proceedings, and denied Coastal's motion to recover the $2.1 million plus accrued interest.
 Coastal again sought redress from the Supreme Court, which last Wednesday sent the case back to the trial court for the second time, specifically directing that a further evidentiary hearing be held in accordance with its 1991 ruling, the company said.
 Coastal Petroleum Company is an 88 percent owned subsidiary of Coastal Caribbean Oils & Minerals, Ltd. (Boston: CCO-B; CCO-BN).
 -0- 5/26/92
 /CONTACT: Arthur B. O'Donnell of Coastal Caribbean Oils & Minerals, 203-525-1202/ CO: Coastal Petroleum Company ST: Florida IN: OIL SU:


TS-LR -- NY046 -- 3743 05/26/92 11:57 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 26, 1992
Words:207
Previous Article:BIG B ANNOUNCES QUARTERLY EARNINGS
Next Article:WEST-UKRAINIAN BANK ACQUIRES MANAGEMENT TECHNOLOGIES' MANTEC SYSTEM
Topics:


Related Articles
APPELLATE COURT AFFIRMS COST JUDGMENT
COURT HOLDS THAT COASTAL MOTION FOR RESTITUTION IS PREMATURE
Post-judgment motions for attorneys' fees: time for a bright-line rule.
The Court That Picked a President.
Uproar as Terri loses fight for life.
Proposed disciplinary rules amendments.
Annual bar rules proposals.
Amendments to the family law forms.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters