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Latest Exxon Shipping Co. v. Baker Stories

2009-06-30 16:01:42

U.S. oil giant Exxon Mobil said it would not attempt an appeal of the $1 billion damages it was ordered to pay in the wake of the Exxon Valdez oil spill. Earlier this month, the 9th U.S. Circuit Court of Appeals in San Francisco ordered Exxon Mobil Corp. to pay $1 billion, including $507.5 million in punitive damages and $470 million in interest accrued on the penalty. Exxon has already begun paying the punitive damages, but was considering an appeal on the interest payments, the Anchorage...

2008-10-20 21:00:08

Legal wrangling could hold up payments of about $383 million in damages from Alaska's Exxon Valdez oil spill, lawyers say. In June, the U.S. Supreme Court ordered lower courts to award up to $507.5 million in punitive damages to nearly 33,000 commercial fishermen, cannery workers, land owners, Alaska Natives and others who claimed they were harmed from the oil spill. The Anchorage Daily News reported Monday that after the Supreme Court decision Exxon greed to release $383 million, under a...

2008-07-21 12:00:44

To: POLITICAL EDITORS Contact: Aric Caplan for The Whole Truth, +1-301-998-6592, or aric@caplancommunications.com CORDOVA, Alaska, July 21 /PRNewswire-USNewswire/ -- A native fisherman from Alaska, Ms. Osa Schultz, will testify at a Senate Judiciary Committee hearing on the devastating impact the Exxon Valdez oil spill continues to have on her family, her business and her community. The hearing, "Courting Big Business: The Supreme Court's Recent Decisions on Corporate Misconduct and Laws...

2008-07-15 18:00:23

WASHINGTON _ Exxon Mobil has balked at paying $488 million in interest on punitive damages that plaintiffs say it owes for its role in the 1989 Prince William Sound oil spill in Alaska, saying "there is no good reason" for the Supreme Court to assess interest. Last week, the people who are owed money from the Exxon Valdez lawsuit asked the Supreme Court to make it clear that they should receive interest, even though the court cut the punitive damages award in June from $2.5 billion to $507...

2008-06-27 15:02:33

By Michael Milstein, The Oregonian, Portland, Ore. Jun. 26--Gary Soderstrom had just got off the Columbia River after a long night of fishing Wednesday morning when he heard that the Supreme Court had slashed the money coming to him. Soderstrom, who lives in Clatskanie, was among the thousands of fishermen who once were to share $5 billion in damages Exxon Mobil was told to pay for devastation caused by the 1989 Exxon Valdez oil spill in Alaska. But Wednesday, the U.S. Supreme...

2008-06-27 12:02:35

By Anonymous The Supreme Court's decision to further slash punitive damages resulting from the Exxon Valdez oil spill had to hurt twice for the injured parties. Their final judgment will only be about 10 percent of what a jury originally awarded them, and they had to wait 19 years to get it. This was a complicated case that involved a lot of money and made its way to the U.S. Supreme Court. That said, 19 years is too long to wait for relief from a company that put a relapsed alcoholic...

2008-06-26 09:02:25

By PETE YOST By Pete Yost The Associated Press WASHINGTON The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million. The court ruled that victims of the worst oil spill in U.S. history may collect punitive damages from Exxon Mobil Corp., but not as much as a federal appeals court determined. Justice David Souter wrote for the court that punitive damages may not exceed what the company already paid to...

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2008-06-26 06:00:00

By Joan Biskupic WASHINGTON -- The Supreme Court on Wednesday tossed out a $2.5 billion punitive damages award arising from the 1989 grounding of the Exxon Valdez, in a 5-3 decision that strengthens its trend of curtailing damages to punish and deter wrongdoing. The majority found that commercial fishermen and other Alaska businesses should have won no more than $507.5 million in punitive damages for the losses caused by the supertanker's spill of 11 million gallons of crude oil into Prince...

2008-06-26 03:00:49

By Elizabeth Souder and Dave Michaels, The Dallas Morning News Jun. 26--After 19 years, Exxon Mobil Corp. succeeded in getting the Supreme Court to slash the additional amount it must pay Alaskans harmed by the 1989 Valdez oil spill from the original $5 billion to $500 million. In the 5-3 ruling issued Wednesday, justices said it was "reckless" for Valdez captain Joseph Hazelwood to drive the ship after drinking five double-shots of vodka but not malicious. Justice Samuel Alito owns...

2008-06-25 18:02:23

WASHINGTON _ In a victory for corporations seeking to limit big-dollar lawsuits, the Supreme Court on Wednesday cut the $2.5 billion in punitive damages awarded in the 1989 Exxon Valdez oil spill. The court reduced the award to $507.5 million, dashing the hopes of more than 32,000 fishermen and Alaska Natives who've been waiting for nearly 20 years to hear whether Exxon Mobil Corp. must pay billions in punitive damages for its role in the Exxon Valdez disaster. The original...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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