No decision on Exxon Valdez interest payments
Environmental
The U.S. Supreme Court on Tuesday declined to decide whether Exxon Mobil Corp. must pay interest on punitive damages awarded in the nation's worst oil spill.
In a brief order, the court said the 9th U.S. Circuit Court of Appeals, based in San Francisco, should decide the matter of interest arising from punitive damages for victims in the 1989 Exxon Valdez disaster.
Stanford University law professor Jeffrey Fisher, an attorney who represents commercial fishermen, Native Alaskans, landowners, businesses and local governments in the case, said justices rejected Exxon Mobil's bold attempt to take away interest.
"It's nice to see the court refusing to do the outlandish thing Exxon wanted," Fisher said.
The issue is whether interest accrued since 1994, when a federal jury first awarded punitive damages for the supertanker's spill of 11 million gallons of crude oil into Alaska's Prince William Sound.
The company contends that if interest is paid, it should be calculated from the date the punitive damages were awarded by the Supreme Court, not all the way back to 1994, said Exxon Mobil spokesman Alan Jeffers. The company will pursue that contention with the 9th Circuit.
Related listings
-
Judge: EPA must regulate ship water discharge
Environmental 07/24/2008An appeals court Wednesday upheld a ruling ordering the Environmental Protection Agency to regulate the water discharged from ships as a way to protect local ecosystems from invasive species.The 9th U.S. Circuit Court of Appeals said it agreed with t...
-
EPA dropped wetlands cases after high court ruling
Environmental 07/08/2008The Bush administration didn't pursue hundreds of potential water pollution cases after a 2006 Supreme Court decision that restricted the Environmental Protection Agency's authority to regulate seasonal streams and wetlands.From July 2006 through Dec...
-
Court says no deadline for EPA on global warming
Environmental 06/27/2008A federal appeals court refused Thursday to make a resistant Bush administration speed up a decision on whether greenhouse gases and global warming threaten public health and welfare.The U.S. Court of Appeals for the District of Columbia denied a pet...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.