U.S. Court of Appeals for the 9th Circuit
Jun. 16, 2009
9th Circuit Doubles Award For Valdez Spill
ExxonMobil Corp. must pay about $500 million dollars in interest and costs on the punitive damages it owes for the 1989 Exxon Valdez oil spill, the 9th U.S. Circuit Court of Appeals held Monday.
By John Roemer
Daily Journal Staff Writer SAN FRANCISCO - ExxonMobil Corp. must pay about $500 million in costs and interest on the punitive damages it owes Alaska fishermen, a travel company and other plaintiffs for the 1989 Exxon Valdez oil spill, the 9th U.S. Circuit Court of Appeals held Monday. The interest and costs will double the punitive award to a total above $1 billion, a divided three-judge panel ruled. In re The Exxon Valdez, 0...
Daily Journal Staff Writer SAN FRANCISCO - ExxonMobil Corp. must pay about $500 million in costs and interest on the punitive damages it owes Alaska fishermen, a travel company and other plaintiffs for the 1989 Exxon Valdez oil spill, the 9th U.S. Circuit Court of Appeals held Monday. The interest and costs will double the punitive award to a total above $1 billion, a divided three-judge panel ruled. In re The Exxon Valdez, 0...
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