(March 2, 2016, 1:48 PM EST) -- PASADENA, Calif. — A panel of the Ninth Circuit U.S. Court of Appeals recently denied a petition for rehearing of its decision that franchisees who operate service stations leased from ExxonMobil Corp. (Exxon) in California were given reasonable offers to sell stations in which Exxon owns a fee interest (Light Petroleum Inc., et al. v. ExxonMobil Corporation, No. 13-56909, 9th Cir.; 2015 U.S. App. LEXIS 22613)....