Press Release

ExxonMobil Wins Suit Against U.S. Department of Treasury and OFAC

January 07, 2020

The Wall Street Journal, Bloomberg, and Law360, among other outlets, covered ExxonMobil Corp.’s recent victory in a case it brought against the United States Department of Treasury and its Office of Foreign Assets Control (“OFAC”) to vacate OFAC’s 2017 penalty notice imposing a $2 million fine for alleged violations of Ukraine-related sanctions regulations.

A Texas federal judge on Dec. 31 issued a ruling granting ExxonMobil’s motion for summary judgment and vacating the penalty notice. Haynes and Boone, LLP Partner Nina Cortell and Counsel George Graves represented ExxonMobil in the matter, along with lawyers from Davis Polk & Wardwell LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

The following publications have reported on the case:



The Wall Street Journal

Media Contacts