[seadog] ExxonMobil Wins Alaska Superior Court Trial
- From: "Tom Blanchard" <tomblanchard@xxxxxxxxxxxxxxxx>
- To: "SEADOG" <seadog@xxxxxxxxxxxxx>
- Date: Wed, 17 Jul 2002 20:21:44 -0400
NEW YORK -(Dow Jones)- An Alaska Superior Court found Wednesday that
ExxonMobil won't have to pay an additional $30 million to municipalities
affected by the 1989 Valdez oil spill.
In a press release Wednesday, the oil giant said it was sued by the
communities of Cordova, Seward, Kodiak Island Borough, Port Lions, Old
Harbor and Larson Bay for expenses the towns claim to have underestimated 13
years ago.
They sued ExxonMobil for $12 million, with interest, asking for a total of
$30 million.
In the release, the company said it had already reimbursed the plaintiffs
over $3.7 million for spill-related costs.
"Still, a few municipal officials testified at trial that they and others
grossly underestimated time spent on spill response activities in the
reimbursement requests submitted to Exxon in 1989-91," the release said.
The jury, however, found that the towns had already been fully compensated.
Company officials weren't immediately available for comment.
Wednesday July 17, 4:34 pm Eastern Time
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