Exxon Told to Pay $7bn for Oil Spill
ExxonMobil was yesterday ordered to pay nearly $7bn (£3.8bn) to thousands of Alaskans affected by the 1989 Exxon Valdez oil spill. In the latest decision in a long-running legal saga, a district court judge in Anchorage ordered the company to pay $4.5bn in punitive damages and around...
ExxonMobil was yesterday ordered to pay nearly $7bn (£3.8bn) to thousands of Alaskans affected by the 1989 Exxon Valdez oil spill.
In the latest decision in a long-running legal saga, a district court judge in Anchorage ordered the company to pay $4.5bn in punitive damages and around $2.25bn in interest. The money will be distributed among the 32,000 Alaskans most seriously affected by the 37,000-tonne spillage in the Prince William Sound area.
"We have now closed the trial court doors for the last time in this litigation after 15 years," David Oesting, lead attorney for the Alaskans, told the Associated Press.
Exxon Mobil, which is based in Texas, said it would appeal against the ruling. A spokesman said the judge had twice had his decisions in the case overturned.
In the latest decision in a long-running legal saga, a district court judge in Anchorage ordered the company to pay $4.5bn in punitive damages and around $2.25bn in interest. The money will be distributed among the 32,000 Alaskans most seriously affected by the 37,000-tonne spillage in the Prince William Sound area.
"We have now closed the trial court doors for the last time in this litigation after 15 years," David Oesting, lead attorney for the Alaskans, told the Associated Press.
Exxon Mobil, which is based in Texas, said it would appeal against the ruling. A spokesman said the judge had twice had his decisions in the case overturned.
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