Since last December, lawyers for plaintiffs in the Exxon Valdez oil spill case have been gradually distributing $383 million collected thus far as punitive damages.
Now they're preparing to hand out an even bigger sum — $470 million.
This is interest Exxon paid July 1 on the punitive damages award the U.S. Supreme Court ordered last year.
Yesterday, lawyers asked federal Judge H. Russel Holland of Anchorage for permission to distribute almost $299 million of the interest money to 17,297 claimants in 47 categories.
Unless I'm mistaken, this will be the biggest single chunk of Exxon Valdez money to be paid out to date.
Here is a very long list, in two parts, showing gross amounts each claimant is to receive:
Payment list, part 1
Payment list, part 2
I scanned the list and saw lots of payments in excess of $100,000, with some topping $200,000 and even $300,000.
Caretakers of the Exxon Valdez money also are proposing to hand out some additional chunks. Read the details here.
Dutch Harbor report
5 days ago