U.S. High Court Denies Petition For Rehearing In Suit Over $18B Oil Fields Award

Mealey's (August 22, 2022, 11:48 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Aug. 22 denied a petition for rehearing filed by the heirs of Saudi Arabian sheikhs in their ongoing fight for review of the Ninth Circuit U.S. Court of Appeals’ ruling rejecting their petition to confirm an approximately $18 billion arbitral award for lack of an arbitration agreement with an American oil company and its subsidiary....