Exxon Valdez: Off The Hook?
11 November 2001 - 8:00am
An appeals court rules that the $5 billion punitive fine from the 1989 Valdez oil spill disaster is too much.
"About 40,000 fishermen, Natives, property owners, and others affected by the spill sued Exxon over the disaster. Most of the cases were consolidated and heard at the 1994 trial. Many plaintiffs were counting on payments from the punitive verdict to help heal various problems, including a deteriorating fishing economy."
Full Story:
Exxon Valdez appeals ruling stuns Alaskans
Source:
Environmental News Network, November 10, 2001
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