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Exxon Mobil Sues Cuba for $280 Million Over Expropriated Property

Exxon Mobil Corp on Friday sued Cuba's state-owned Cuba Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Castro’s revolution. Exxon, the largest U.S. oil producer, is the first corporation to sue Cuba since the Trump administration allowed a long dormant section of the 1996 Cuban Liberty and Democratic Solidarity Act, known as the Helms-Burton Act after its sponsors, to take effect on May...

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