$225M Exxon Deal Offers Blueprint For Pollution Review
Law360, New York (August 27, 2015, 7:53 PM EDT) -- ExxonMobil Corp.’s $225 million pollution settlement with state environmental authorities, approved by a New Jersey judge this week, is notable not only for its size and the level of public scrutiny it endured, but also the guidance it provides companies facing similar claims for natural resource damages, attorneys say.
Superior Court Judge Michael J. Hogan noted Tuesday in his 82-page ruling that state courts had never adopted a standard for reviewing consent judgments under the New Jersey Spill Compensation and Control Act, so he applied the federal Comprehensive Environmental Response, Compensation and Liability Act’s judicial review test for natural resource damages...
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