Agreement Reached in Exxon Valdez Oil Spill Case

By: Associated Press
By: Associated Press

ANCHORAGE, Alaska (AP) - Exxon Mobil says it has reached an
agreement with plaintiffs in the Exxon Valdez oil spill case.
Lawyers say they have negotiated a settlement in which Exxon
will pay $383 million.
Under the deal, the money will be distributed to nearly 33,000
commercial fishermen and others who sued Exxon. Lawyers will
continue to negotiate over $70 million and nearly a half billion
dollars in interest.
The Exxon Valdez oil tanker went aground on a reef in 1989 and
spilled 11 million gallons of crude in Prince William Sound. It was
the worst oil spill in the nation's history.
David Oesting of Anchorage, the lead attorney for the
plaintiffs, says checks could begin showing up by early October.
(Anchorage Daily News)

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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