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News Briefs

By ALM Staff | Law Journal Newsletters |
June 28, 2006

Exxon Franchisees Win Settlement in Class Action

More than a dozen former ExxonMobil franchisees in Michigan settled a class action suit against ExxonMobil over the refiner's system of 'pricing zones' that allegedly violated fair pricing laws. The franchisees charged that the wholesale price they paid ('branded rack price') was manipulated by ExxonMobil based on factors other than the competitive price in their market area. The impact was to limit franchisees' profitability and to negatively affect their competitiveness against other branded gasolines.

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