Supreme Court Won't Rule On Exxon Valdez Interest

Law360, New York (August 12, 2008, 12:00 AM EDT) -- The two-decade legal tug-of-war over the 1989 Exxon Valdez oil spill will continue to drag on, as the U.S. Supreme Court declined Tuesday to rule on the question of whether victims of the spill are entitled to $488 million in interest on the damages award.

The court remanded the case to the U.S. Court of Appeals for the Ninth Circuit to address questions about the interest, writing in a one-page order that it “declines to rule in the first instance, without prejudice to the position of...
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