- 9 - Decedent died on November 16, 1990. On February 15, 1991, the District Court issued an order determining in part that the royalty interest owners were liable to Exxon under Federal common law for restitution of overcharges received by them on account of the misclassified oil. Despite its previous order bifurcating the issues, the District Court rendered summary judgment on both the liability and damages issues. The District Court then referred the calculation of damages to a special master. In April 1991, Michael Riddle, decedent's attorney for estate tax purposes, and James Knowles, her attorney in the Jarvis Christian litigation, attended a meeting with representatives of Exxon in Houston, Texas, at which Exxon presented its calculation of the amounts owed by the Allen parties. Exxon claimed a total of $2,482,719 from decedent's estate, which included interest.7 Exxon had sought prejudgment interest beginning in February 1975 and postjudgment interest beginning in June 1983 with respect to the amounts it had paid to the Treasury in Exxon I. However, in its February 15, 1991, order, the District Court in the Jarvis Christian litigation determined that Exxon was only entitled to prejudgment interest 6(...continued) summary judgment filed on Jan. 16, 1990. 7The amount claimed by Exxon included amounts sought from Jessamine's and Frankie's interests, which the decedent had inherited.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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