December 18, 2007
Waiting for Exxon Valdez Payments
The Juneau Empire has a story about plaintiffs' lawyers in the Exxon Valdez case starting to prepare their clients for wise investment choices and the like. The work is leading up to the possibility that a payout is forthcoming after the Supreme Court rules this spring on the much-litigated case and its punitive damages. The story also notes that Senator Lisa Murkowski of Alaska got Senate approval of legislation that would encourage investing the money in retirement accounts and ease the potential tax burden.
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