SAUDI BASIC INDUSTRIES v. MOBIL YANBU PET.

No. 493,2003.

866 A.2d 1 (2005)

SAUDI BASIC INDUSTRIES CORPORATION, Plaintiff Below, Appellant, v. MOBIL YANBU PETROCHEMICAL COMPANY, INC. and EXXON CHEMICAL ARABIA, INC., Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: January 14, 2005.


Attorney(s) appearing for the Case

A. Gilchrist Sparks (argued), Donald E. Reid and Jason A. Cincilla, Esquires, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; Of Counsel: Kenneth R. Adamo, Joseph L. McEntee, Jr. and Margaret I. Lyle, Esquires, of Jones Day, Dallas, Texas; Gregory A. Castanias, Lawrence D. Rosenberg, Elizabeth Rees and William K. Shirey II, Esquires, of Jones Day, Washington, D.C.; for Appellant.

William J. Wade, Esquire, of Richards, Layton & Finger, Wilmington, Delaware; Of Counsel: James W. Quinn (argued), David Lender and Gregory S. Coleman, Esquires, of Weil, Gotshal & Manges LLP, New York, New York; Andrew S. Pollis and David J. Michalski, Esquires, of Hahn Loeser & Parks LLP, Cleveland, Ohio; Elizabeth J. Sher, Esquire, of Pitney Hardin LLP, Florham Park, New Jersey; Kenneth C. Johnson, Esquire of Exxon Mobil Corporation, Houston, Texas; for Appellees.

Before STEELE, Chief Justice, HOLLAND, BERGER and JACOBS, Justices, and STRINE, Vice Chancellor, constituting the Court en Banc.


JACOBS, Justice.

Saudi Basic Industries Corporation ("SABIC"), the counterclaim defendant below, appeals from a $416.8 million Superior Court judgment entered against SABIC and in favor of SABIC's joint venture partners, Mobil Yanbu Petroleum Company ("Mobil") and Exxon Chemical Arabia, Inc. ("Exxon").2 SABIC brought this action in the Superior Court of Delaware, seeking a declaratory judgment that...

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