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NYT: Kerr-McGee Is Found Liable in Lawsuit Over Oil Royalties (cheating Gov't)

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-24-07 01:50 AM
Original message
NYT: Kerr-McGee Is Found Liable in Lawsuit Over Oil Royalties (cheating Gov't)
http://www.nytimes.com/2007/01/24/business/24royalty.html?ex=1327294800&en=aa2a4dc7fd3bd113&ei=5088&partner=rssnyt&emc=rss

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WASHINGTON, Jan. 23 — A federal jury in Denver agreed Tuesday with a former top auditor for the Interior Department that the Kerr-McGee Corporation had cheated the government out of millions of dollars in royalties on oil it produced in publicly owned coastal waters.

The decision, reached by the jury after deliberations of about four hours, is a vindication for the auditor, Bobby L. Maxwell. He became a whistle-blower and sued Kerr-McGee as a private citizen after top officials at the Interior Department ordered him to drop his audit findings.

It is also a potentially big embarrassment for the Interior Department, which dismissed Mr. Maxwell in a “reorganization” and which had insisted that his case against Kerr-McGee had no merit.

The Minerals Management Service, an Interior Department agency that collects more than $10 billion a year in royalties on oil and gas pumped on federal territory, is now the subject of numerous investigations by Congress, as well as its own inspector general, over its enforcement of royalty rules.

...more...
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Erika Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-24-07 01:54 AM
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1. The corrupt W regime
Once again.
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Tom Joad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-24-07 01:55 AM
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2. Remember Karen Silkwood!
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anitar1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-24-07 02:19 AM
Response to Reply #2
3. I remember her, and Kerr McGee has always thought
they were above the law.
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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-24-07 11:29 AM
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4. Word. n/t
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