Exxon Owes At Least $3M But Can Wait To Pay: Judge

Law360, New York (May 20, 2009, 12:00 AM EDT) -- While Exxon Mobil Corp. and seafood processor Nautilus Marine Enterprises Inc. squabble over the amount of interest Exxon owes under a settlement related to the Valdez oil spill, a federal judge has frustrated Nautilus’ attempt to promptly collect more than $3 million Exxon will eventually have to fork over.

Judge Russell Holland of the U.S. District Court for the District of Alaska disapproved of Exxon’s delay in paying an undisputed $3 million portion of the interest, but ruled that Nautilus is unable to force payment under...
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