High Court Rebuffs Appeal Of Exxon Valdez Damages

Law360, New York (October 5, 2009, 5:40 PM EDT) -- The U.S. Supreme Court has declined to review Sea Hawk Seafoods Inc.'s challenge of the rate of prejudgment interest that should be charged Exxon Mobil Corp. for a $2.1 million settlement of Sea Hawk's compensatory damages claim stemming from the Valdez oil spill.

The high court on Monday denied Sea Hawk's petition for writ of certiorari, letting stand the U.S. Court of Appeals for the Ninth Circuit's affirmation of a lower court's finding that Sea Hawk and Exxon never agreed that Exxon would pay compound interest...
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