Exxon To Fight $448M In Oil Spill Interest

Law360, New York (July 16, 2008, 12:00 AM EDT) -- Exxon Mobil Corp. has objected in the U.S. Supreme Court to the $448 million in interest requested by Alaska natives and fishermen on top of the $507.5 million in punitive damages they have already won over the 1989 Exxon Valdez oil spill.

Exxon filed a brief Tuesday saying that the 32,000 plaintiffs aren't entitled to interest on their punitive damages because the Supreme Court didn't specify that interest should be paid.

“The court has held that $507.5 million is the legally correct amount necessary to deter...
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