MULACEK v. ExxonMOBIL CORP.

No. 48.

2024 NY Slip Op 02724

PHILIPPE E. MULACEK, ET AL., Appellants, v. ExxonMOBIL CORPORATION, ET AL., Respondents.

Court of Appeals of New York.

Decided May 16, 2024.


Attorney(s) appearing for the Case

Jenny Kim , for appellants.

Andrew Ditchfield , for respondents.


MEMORANDUM:

The order of the Appellate Division should be affirmed, with costs.

Plaintiffs were shareholders of InterOil Corporation, a Canadian oil and gas company. Defendants acquired InterOil by paying its shareholders a fee per share and agreeing to make a Contingent Resource Payment (CRP) based on an independent appraisal of the volume of resources in certain wells located in Papua New Guinea and calculated pursuant to a formula set forth in a CRP Agreement...

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