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Mar-20
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To list NewPrevNext World Beat* Exxon Valdez Verdict Cut in Half Subscribe Create Poll Print Discussion #1 of 1 Posted 12/22/06 2:33 PM From John Linendoll Posts 7099 Last Apr-24 To All
[Msg # 113512.1
]
Exxon Valdez Verdict Cut in Half
Exxon Mobil has won an appeal of a jury verdict which had awarded five billion dollars in damages against the firm for its part in the 1989 Valdez, Alaska oil spill. The court also said, "  "It is time for this protracted litigation to end." What signal, if any, do you think the appellate court's ruling sends?
Some have called it the worst environmental disaster in the nation's history. It happened moments after midnight on the morning of March 24th, 1989, as the Exxon Valdez struck Bligh Reef in Prince William Sound. (The reef was named for the man who later became famous of Captain Bligh of the ill-fated HMAV Bounty.)
U.S. National Transportation Safety Board (NTSB) cited probable causes including "fatigue and excessive workload" of the officer at the helm at the time; "impairment from alcohol;" and "the failure of the Exxon Shipping Company to provide sufficient crew for the Exxon Valdez," among other factors.
The resulting oil spill blackened some 1,500 miles of Alaska's beaches, according to the AP, which reports that the jury hearing damage claims in the case found in favor of plaintiffs who had alleged that the ship's captain, Joseph Hazelwood, ran the ship into a reef while drunk and Exxon knew he had a drinking problem, but left him in command of tankers."
Punitive damages were sought from Exxon, and years of litigation have revolved around how to assess such damages. For example, Exxon-Mobil's earnings last year were a record 36 billion dollars.
Today's ruling, in which two of the three appellate judges concurred and one dissented, cut a previous award of 5 billion dollars in half -- but may have brought closer the day when a final legal resolution of the case can occur.
The case is Baker vs. Exxon Mobil Corp., 04-35182.
What signal, if any, do you think the appellate court's ruling sends?
                     Â
                 Birds killed as a result of oil from the Exxon Valdiz spill. Photo                       courtesy of the Exxon Valdez Oil Spill Trustee Council.
[Graphics courtesy Wikipedia. Views expressed are those of the author(s) and do not necessarily reflect those of CompuServe, Netscape, any government, agency, or news organization.] Options Reply Subscribe Create Poll Print Discussion World Beat* Exxon Valdez Verdict Cut in Half To list NewPrevNext Adjust text size:
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