Court Rejects Bid To Revise Exxon Valdez Damages

Law360, New York (November 14, 2008, 12:00 AM EST) -- Alaska seafood processor Sea Hawk Seafoods Inc. has lost a bid to rewrite a long-established allocation plan for punitive damages related to the 1989 Exxon Valdez oil spill, paving the way for plaintiffs to begin receiving the funds.

In an order filed Wednesday, Judge H. Russel Holland of the U.S. District Court for the District of Alaska rejected Sea Hawk's argument that a recent U.S. Supreme Court ruling required the court to adopt a different allocation and said it was too late for the company to...
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