Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer [Financial Post (Toronto, Ontario, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Financial Post
Author of the article: (Bloomberg) — A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the oil company failed to warn Paul Gill of the risk of benzene in its products, including gasoline and solvents, while he worked as a Mobil service station mechanic from 1975 to 1980, his attorneys said in a statement Friday. Article content Article content Gill's lawyer Patrick Wigle called the verdict “important” and said Exxon has “resisted warning the public and taking basic precautions” to limit exposure to benzene. “We're grateful that this jury listened closely to the testimony and decided it's time to hold corporations like Exxon accountable for placing profits over people,” Wigle said in the statement. Exxon shares fell as much as 0.7% on Friday, in line with the broad energy sector as oil prices
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