Hunt v. Mobil Oil Corp.

OPINION, FINDINGS OF FACT AND CONCLUSIONS OF LAW

EDWARD WEINFELD, District Judge:

This antitrust suit, involving claims and counterclaims for hundreds of millions of dollars among some of the world’s largest oil companies, arises out of events in the Middle East, particularly Libya, in the early 1970’s. Plaintiffs are three brothers: Nelson Bunker Hunt, W. Herbert Hunt and Lamar Hunt, who as partners owned a concession in Libya for the exploration, development and production of crude oil. 1 The defendants are: Mobil Oil Corporation (“Mobil”); Texaco, Inc. (“Texaco”); Standard Oil Company of…