Seafood Cos. Angle For Exxon Valdez Damages

Law360, New York (November 30, 2009, 5:40 PM EST) -- Two seafood processing companies continue to angle for a $45 million slice of the $500 million punitive damages settlement hammered out between class plaintiffs and Exxon Mobil Corp. over the 1989 Exxon Valdez oil spill in Prince William Sound, Alaska.

Polar Equipment Inc., doing business as Cook Inlet Processing, and Nautilus Marine Enterprises Inc. asked the U.S. District Court for the District of Alaska on Friday to divest $45 million from the Exxon Qualified Settlement Fund, punitive damages interest proceeds and other funds allegedly held by...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.