Monday, June 4, 2007

Is the Exxon Valdez litigation finlly over?

In September 1994, an Alaska jury awarded $5 billion to fishermen and residenets affected by the 1989 Exxon Valdez oil spill in Prince William Sound. Since then, Exxon has tied up the award in appeals. In December 2006, a three-judge panel reduced the original jury award to $2.5 billion and denied Exxon's petition for a panel rehearing. As Stephanie Lovett reports in The Legal Intelligencer, that could be the end of the case. But at least one plaintiff attorney cautions that Exxon may try one final appeal to the U.S. Supreme Court, now 18 years after the spill.

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