Valdez Experts Preach Patience In BP Spill Claims

Law360, New York (July 27, 2010, 6:42 PM EDT) -- A panel of experts on the Exxon Valdez oil spill urged members of Congress on Tuesday to ensure victims of the BP PLC oil spill in the Gulf of Mexico are adequately compensated for the spill’s long-term effects on ecosystems and business in the region.

Federal courts should avoid the mistakes they made in the awarding of damages to fishermen, businesses and municipalities following the Valdez spill, the bulk of the panel told the Senate Judiciary Committee.

The discussion centered on what two panel members called...
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