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Reply #6: A jury awarded the plaintiffs in the EXXON VALDEZ case [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Blue_In_AK

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Thu Apr-29-10 05:23 PM
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6. A jury awarded the plaintiffs in the EXXON VALDEZ case

Edited on Thu Apr-29-10 05:45 PM by Blue_In_AK

$5 billion. By the time Exxon appealed and appealed and appealed, the Supreme Court whittled that award down to $500 million, which according to my calculations equals one percent, or a penny on the dollar.

I fear the same thing will happen with this spill. There is now precedent for basically letting the oil companies off with a slap on the wrist for this kind of massive damage. It's pathetic.

edited to correct my mistake -- 500 million, not 500 thousand. Still, a penny on the dollar is not much.

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