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Resolution Of Exxon Interest Payment Issue May Be Soon

Publication Date: 
July 17, 2008
Source: 
Anchorage Daily News
Author: 
Wesley Loy

Professor Jeffrey Fisher is quoted in an Anchorage Daily News article about the impending decision by the Supreme Court over how much Exxon has to pay for the 1989 oil spill:

Generally, a final judgment comes 32 days after the opinion, and in the Exxon Valdez case that would be around Monday, July 28, said Jeffrey Fisher, a Stanford University law professor who argued for the plaintiffs before the Supreme Court.

The court typically uses the time prior to issuing the final order to address "housekeeping matters" such as whether interest is owed on an award, said Fisher, who once served as a law clerk to Supreme Court Justice John Paul Stevens.

But Fisher cautioned the court isn't obliged to deal with the interest question on any set timetable.

...

Fisher said he and other plaintiffs' lawyers are working up a reply to Exxon's brief and aim to file it with the Supreme Court by perhaps Friday.

...

Addressing the fact that Exxon's lawyers responded with a brief opposing interest, and that they argued "there is no good reason" for it, Professor Goldstein said:

"We think that Exxon doesn't have much of a leg to stand on," Fisher said, as the standard rule is for interest to be applied on partially upheld jury verdicts.