Overview
Bloomberg covered Steptoe's success for Exxon Mobil Corp. in an article titled "Exxon Demand for Millions Lost in Cuba Survives Court Fight." On April 21, US District Judge Amit Mehta ruled that Exxon can move forward with a US lawsuit seeking $280 million from two Cuban companies as compensation for a refinery and other assets seized from the oil giant after Fidel Castro's 1959 revolution.
The ruling keeps alive Exxon's suit against a Cuban government-owned conglomerate, Corporacion Cimex SA, and state-run oil company Union Cuba-Petroleo, known as Cupet. Over the years, the US government has recognized thousands of such claims by companies and individuals over property once owned by Americans.
Steptoe partners Steve Davidson and Michael Baratz represent Exxon in this matter.
The full article can be read at Bloomberg (subscription required).
