No Decision On Exxon Valdez Interest Payments
Jeffrey L. Fisher is quoted in this Associated Press story about the Supreme Court's decision regarding interest payments to plaintiffs in the Exxon Valdez case. At issue is whether interest accrued since 1994, when a federal jury first awarded punitive damages for the supertanker's spill of 11 million gallons of crude oil into Alaska's Prince William Sound. The Court decided to send the case back to the U.S. Court of Appeals for the Ninth Circuit:
Stanford University law professor Jeffrey Fisher, an attorney who represents commercial fishermen, Native Alaskans, landowners, businesses and local governments in the case, said justices rejected Exxon Mobil's bold attempt to take away interest.
"It's nice to see the court refusing to do the outlandish thing Exxon wanted," Fisher said.
The 9th Circuit Court of Appeals has never not awarded interest in a similar case, Fisher said.
"We have no reason to think the court would deviate from its precedent," he said.
Fisher said his main concern is to have the money paid out expeditiously to clients who experienced the effects of the spill nearly 20 years ago.