SCOTUS puts Cuban oil companies in crosshairs of Exxon lawsuit

The U.S. Supreme Court reversed a lower court ruling, allowing Exxon Mobile to pursue a lawsuit against Cuban-owned companies under the Helms-Burton Act. The 6-3 decision held that the Cuban government cannot claim sovereign immunity, as the act provides a private right of action for U.S. nationals whose property was confiscated by Cuba in 1960.