On October 16, Jury Returned Verdict Against Phillips 66, In Lawsuit Brought By Propel Fuels In California Superior Court, In The Amount Of $604.9M In Compensatory Damages - Filing
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Phillips 66 has been ordered to pay $604.9 million in compensatory damages to Propel Fuels following a lawsuit in the California Superior Court.
October 17, 2024 | 11:11 am
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Phillips 66 has been ordered to pay $604.9 million in compensatory damages to Propel Fuels after a jury verdict in California Superior Court.
The substantial financial penalty of $604.9 million is likely to negatively impact Phillips 66's financial position and investor sentiment, leading to a potential short-term decline in stock price.
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