Exxon Appeals $2.5B Ruling For Valdez Spill

Law360, New York (January 17, 2007, 12:00 AM EST) -- Not content with a ruling that halved the original verdict to $2.5 billion, Exxon Mobil Corp. has asked a federal appeals court to reexamine how much it should pay fishermen and other Alaskans for the 1989 Valdez tanker spill.

The case, which has been going on for well over a decade, is already one of the longest in U.S. history. Its resolution was delayed further on Friday, when Exxon Mobil filed a petition for panel rehearing and a petition for en banc rehearing with the Ninth...
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