- 9 - judgment and a brief in support of its motion against the royalty interest owners. Exxon argued that it should recover the pro rata share of all amounts paid to the U.S. Treasury as a result of the DOE litigation, including prejudgment and postjudgment interest. Also on January 16, 1990, the royalty and working interest owners filed a joint motion for summary judgment and a memorandum in support of their motion against Exxon. In their accompanying memorandum, the interest owners denied that any amounts were owed to Exxon, regardless of whether any liability under law could attach to them, because Exxon had not, in fact, suffered any loss in paying the approximately $2.1 billion judgment.5 On March 14, 1990, the royalty interest owners filed a joint opposition to Exxon’s motion for partial summary judgment. In the joint opposition, the interest owners alleged that Exxon had “profited handsomely from its overcharges” and that the elderly interest owners faced “a very real risk” that they would not be able to recoup in their lifetimes any payments made to Exxon through tax-loss carryforwards to offset prior overpayments of income taxes attributable to the overcharges. On April 19, 1990, Exxon filed a reply to the royalty interest owners’ joint opposition to Exxon’s motion for partial summary judgment. In 5The Allen parties expressly adopted the joint motion for summary judgment filed on Jan. 16, 1990.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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