Exxon Mobil Corp. v. Corporación Cimex, S. A. (Cuba) · ¶15

In 1969, pursuant to its statutory mandate to determine the validity and size of U. S. nationals’ claims against the Cuban Government, the U. S. Foreign Claims Settlement Commission certified the value of Exxon’s claim for confiscated property at more than $70 million. See International Claims Settlement Act of 1949, ch. 54, §1, 64 Stat. 12, 22 U. S. C. §1621 et seq. With prejudgment interest and statutory treble damages, that figure now exceeds $1 billion.

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