Zourob Enterprises, Inc., et al. vs. ExxonMobil Corporation, et al.
N/AOUTCOME: As a direct result of ExxonMobil’s negligent actions as well as their violation of franchise and antitrust laws, plaintiff’s were awarded compensation for losses in the amount of $460,983.80 as well as rescission of franchisee contracts.
Norman Yatooma & Associates represented current and former ExxonMobil Franchisees in a lawsuit against ExxonMobil, ExxonMobil Oil Corporation, and the companies’ officers and directors. The plaintiff’s ... claimed that the company undermined the profitability of franchisees. More specifically, the franchise was accused of setting wholesale prices paid by franchisees at or above retail price being charged by plaintiffs’ competitors. According to franchisees, they were left with one of two options which included selling gas at a loss to keep up with competition or raising prices enough to make a profit but lose customers to the better priced competition.
