Exxon Valdez: Off The Hook?

An appeals court rules that the $5 billion punitive fine from the 1989 Valdez oil spill disaster is too much.
November 11, 2001, 8am PST | Chris Steins | @urbaninsight
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"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."

Thanks to Environmental News Network

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Published on Saturday, November 10, 2001 in Environmental News Network
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