The 9th Circuit Court of Appeals on Monday ruled in favor of Exxon Valdez plaintiffs seeking hundreds of millions of dollars in interest from the oil giant. In a unanimous ruling, the court found interest on the reduced $507 million punitive damages award should run from the original 1996 verdict rather than from the Supreme Court’s 2008 decision in the matter. Additionally, the court concluded that Exxon was not entitled to reimbursement for its appeal. [Law.com]

This will result in another $500 million (approximately) being awarded to the plaintiffs, mostly fisherman and fishing companies damaged by the tragic Exxon Valdez oil spill. Down from a $5 Billion dollar verdict, it’s about time these good men and women received a good ruling.

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