Wednesday, October 14, 2009
Judge delays huge oil spill payout
As you might recall, Deckboss reported in early September how lawyers for the thousands of plaintiffs in the Exxon Valdez case were seeking to distribute the largest sum yet — close to $300 million in interest payments from Exxon Mobil Corp.
That post included a long list showing dollar amounts each person in the affected claim categories could expect.
Well, it seems we now have — big surprise here! — yet another delay in this marathon case of constant waiting.
On Oct. 9, federal Judge H. Russel Holland signed this order explaining why he can't yet approve the big money handout.
"The prospect of delaying that distribution troubles the court a good deal," Holland writes.
The delay has to do, in part, with a challenge from cannery workers hoping for additional payments.
Once the issue is resolved, and assuming no further snags, the distribution will commence in late November or early December, lawyers for the plaintiffs say.
That will take us through a full year since the process began to distribute winnings accumulated so far from Exxon.