Costello Law Group
Representing Clients Nationwide Free Initial Consultations
Local: 410-832-8800Toll Free: 877-418-0003

Court of Appeals of Maryland Overturns $1 Billion Punitive Damages Award

On February 26, 2013, the Court of Appeals of Maryland issued an important opinion regarding claims of fraud in the case of Exxon Mobil Corporation v. Albright, et al., No. 15, September Term 2012. The decision overturns a $1 billion punitive damage award against Exxon Mobil Corp. While the case does not involve the purchase or sale of securities, the decision will impact the type of proof necessary in Maryland to prove a claim of fraud based upon disclosures to a government entity. This 132 page opinion will need to studied closely by Maryland practitioners to determine how it may impact securities fraud claims based upon false statements made to government regulators.

If you are a victim of securities fraud, financial malpractice, broker theft by a FINRA registered broker or have requested to withdraw money from your account and have been turned down please call the securities attorneys of The Costello Law Group at (877) 418-0003 for a free consultation.

A full copy of the opinion can be found at: http://mdcourts.gov/opinions/coa/2013/15a12.pdf

Posted in Estate Planning

 

No Comments

Leave a comment
Comment Information

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy