Exxon Valdez plaintiffs want $5 bln award restored - Reuters

[Eugene]

Source: Reuters

Exxon Valdez plaintiffs want $5 bln award restored
Thu Aug 30, 2007 8:05PM EDT

By Yereth Rosen

ANCHORAGE, Alaska (Reuters) - Plaintiffs in the long-
running case surrounding the 1989 Exxon Valdez oil
disaster this week asked the U.S. Supreme Court to
restore a $5 billion punitive fine against Exxon Mobil Corp,
a petition filed with highest U.S. court shows.

The petition, filed Tuesday, followed one filed last week
by Exxon Mobil that asked the Supreme Court to overturn
the $2.5 billion punitive fine assessed by the 9th Circuit
Court of Appeals.

The appeals court had halved a $5 billion fine imposed
in 1994 by a federal district court jury sitting in
Anchorage. The class-action suit involves about 32,000
commercial fishermen, Alaska Natives, property owners
and others harmed by the spill.

-snip-

Plaintiffs say the case has already dragged on too long.

They say that in the years that Exxon and its successor
Exxon Mobil have challenged the jury's verdict, a fifth of
the plaintiff class members have died while the oil giant
has recouped the entire $5 billion though its internal
corporate rate of return, the petition said.

-snip-

Read more: http://www.reuters.com/article/environmentNews/idUSN3018288620070831

[Greyskye]

1. Almost 20 years

and Exxon is still getting away with this crap.

Where the hell is the outrage? :grr: