Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro’s government

AP
Published
Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro’s government

The short version

  • background: #000; color: #fff; cursor: pointer; display: inline-flex; align-items: center; justify-content: center; gap: 10px; padding: 14px 22px; border-radius: 999px; font-family: inherit…
  • background: linear-gradient(to bottom, rgba(255,255,255,0), rgba(255,255,255,1)); } Read More (function () { var APRM_EMBED_ID = "ap-readmore-embed"; var APRM_MOBILE_MQ = "(max-width:…

The story

The U.S. Supreme Court is photographed, June 8, 2026, in Washington. (AP Photo/Mariam Zuhaib, File)

2026-06-23T14:20:30Z

WASHINGTON (AP) — The Supreme Court on Tuesday ruled that ExxonMobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power.

The 6-3 decision was the second in as many months in favor of U.S. owners of Cuban property that was confiscated by the Communist government more than 65 years ago.

The outcome in the two cases could be an additional lever for the Trump administration to exert pressure on Cuba, which is already being squeezed by a U.S. oil embargo.

At issue was whether the 1996 law known as Helms-Burton removes the shield from lawsuits in U.S. courts that typically cover foreign countries and state-owned businesses. The justices reversed a lower-court ruling that found that the Cuban state-owned companies are immune from lawsuits in U.S. courts.

ExxonMobil is seeking compensation for the confiscation of assets owned by subsidiaries of Standard Oil, Exxon Mobil’s predecessor, including more than 100 service stations and an oil refinery.

Last month, the court ruled in another case involving confiscated property in Cuba, reviving claims by the U.S. company that operated docks in Havana against four cruise lines that brought tourists to Cuba during the brief thaw in relations during the Obama administration. That case turned on the same section of Helms-Burton allowing lawsuits over seized property.

Congress passed the law in response to the 1996 downing of civilian planes flown by Miami-based exiles.

Title III of the law allows Americans to sue almost any company that engages in commercial activity or benefits from property confiscated by Cuba’s government.

Before the first Trump administration, every president had suspended the provision because of objections from U.S. allies doing business in Cuba and the effect on future negotiated settlements between the U.S. and Cuba.

But Trump lifted the suspension in 2019, and ExxonMobil filed its lawsuit the same day.

The U.S. Foreign Claims Settlement Commission, an arm of the Justice Department, said in 1969 that the value of ExxonMobil’s property in Cuba is $71.6 million, plus 6% annual interest beginning in 1960. That would be worth around $3 billion today, plus treble damages.

In addition, the commission found that nearly 6,000 individuals and businesses held claims worth $1.9 billion, before adding in interest or damages.

MARK SHERMAN Sherman has covered the Supreme Court for The Associated Press since 2006. His journalism career spans five decades. He is based in Washington, D.C., and previously lived in New York, Paris and Atlanta. twitter mailto
Read the full story at APOriginal

Related Markets

All Markets
View full chart →
View Full Chart
View full chart →
View Full Chart

Market data may be delayed. Not financial advice.

How other outlets covered this

Compare all

Alto found this story at 2 outlets. Same event, different framing — compare the headlines.

Powered by Gab AI

The Story At A Glance

Reading this article now — analysis appears below

Reading the article

💡 AI analysis provides alternative perspectives on current events

Up next

Related coverage from across the outlets Alto indexes.

Questions Alto can answer

From this story — each link opens a live data page or a tool already filled in.

  1. What's the forecast for Washington?Forecast and severe alerts
  2. What does gas cost in Washington right now?Current statewide average
  3. Who represents Washington in Congress?House and Senate members
  4. What are Washington's voter ID rules?ID rules and deadlines
  5. What is $100 from 1990 worth today?CPI-adjusted dollars — result on the next page
  6. Where does $75,000 rank in Washington?Census percentile — national and state
  7. What federal tax bracket is $80,000 (single)?Marginal and effective rate on the next page

All toolsAll topicsSource directoryStory timelinesHeadline comparisonSearchMost read

From Gab Shop

Official merchandise. Every order funds free speech infrastructure.

Shop all products

Install Alto on your phone

Add Alto to your home screen for breaking news — no app store, no account.

  1. Step 1Open alto.gab.com in SafariMust be Safari — not Chrome or in-app browsers
  2. Step 2Tap the Share buttonSquare with an arrow, at the bottom of Safari
  3. Step 3Tap "More"If you don’t see Add to Home Screen yet
  4. Step 4Tap "Add to Home Screen"Scroll the share sheet if you need to
  5. Step 5Tap "Add"Alto appears on your home screen like any other app.
gab

Speak Freely

Join millions on the original and only true free speech social network.

What Makes Gab Different

We're not just another social network. We're a platform built on principles that matter.

Freedom of Speech & Reach

All First Amendment protected speech is welcome. No algorithmic throttling or shadow banning.

Family-Friendly Platform

We maintain a clean environment. Explicit adult content is strictly prohibited.

Western Nations Only

Third-world IPs are blocked. No scammers, no spam farms. Built for Western civilization.

Funded By Users

Our users are our investors and customers. You're not the product being sold.

Battle Tested

A decade of standing strong. Banned from app stores, banks—and still here.

American Owned & Operated

We reject foreign censorship demands. Built by Americans, for free people.

Support Alto & Gab

Alto is funded entirely by readers like you. Your donation helps us continue delivering curated news from a right-wing Christian Nationalist perspective, powered by Gab AI.