More oil spill payments expected - February 22, 2009

Providing coverage of Alaska and northern Canada's oil and gas industryFebruary 2009

Vol. 14, No. 8

Week of February 22, 2009

More oil spill payments expected

Plaintiffs in the Exxon Valdez oil spill case should be seeing additional money soon.

A federal judge has approved a second round of punitive damages payments to commercial fishermen and Native subsistence fisherman who were harmed in the 1989 spill outside Port Valdez.

Lawyers overseeing a $383 million partial settlement from Exxon Mobil Corp. distributed $156 million in December.

U.S. District Judge H. Russel Holland of Anchorage on Feb. 12 approved a second round of payments totaling $62.5 million to 5,331 claimants.

Court documents don’t specify when payments will be made.

—The Associated Press

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