October 20, 2008
Squabbling Over Exxon Punitive Damages
We don't usually get to hear a lot about what happens after money is released to satisfy (part of) judgments, but in the Exxon Valdez case, we do:
It took better than 19 years for Alaska commercial fishermen and other plaintiffs to win sizeable punitive damages from Exxon Mobil Corp. for the disastrous 1989 oil spill in Prince William Sound.
Now that some money is in hand -- about $383 million -- it still could be months away from distribution.
Because of new legal squabbling among the plaintiffs about how to slice the pie.
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