Exxon Payments May Be Delayed as much as 18 Months

Sea Hawks Seafoods of Valdez (now defunct) has filed in court to have the disbursement allocation scheme approved by the the court system in 1996 thrown out.  They have filed to have the allocation changed to match the Supreme Court decision that the size of punitive damage awards must be comparable porportionately to the size of compensatory damage awards already paid to the plaintiffs.  If the court system accepts this lawsuit, it could delay payment up to an additional 18 months.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


  • Archives