Plaintiffs Spar Over Exxon Valdez Settlement Payout

Law360, New York (November 6, 2008, 12:00 AM EST) -- A federal judge is expected to decide in the next week whether to toss a plan for allocating punitive damages related to the 1989 Exxon Valdez oil spill in light of a recent U.S. Supreme Court ruling in the case.

Judge H. Russel Holland heard oral arguments Wednesday in the U.S. District Court for the District of Alaska over whether to grant plaintiff Sea Hawk Seafoods Inc.'s proposal to change the allocation plan so that plaintiffs would only receive the same amount of punitive damages as...
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