Since November 2008, lawyers for commercial fishermen and other plaintiffs in the Exxon Valdez case have been paying out punitive damages and interest in stages.
And the process is continuing.
On Monday, federal Judge Russel Holland approved yet another distribution totaling $24.5 million before deduction of attorney fees.
Here's the lengthy payout list for this round.
It shows some pretty big amounts to be distributed across 51 claim categories.
For example, I saw a couple of claims topping $200,000 in the Chignik salmon seine category, and several for $100,000-plus in the Kodiak salmon seine category.
According to the Seattle law firm handling the distribution, this payout could take "a number of weeks" to complete because of possible impairments on the claims.
Showing posts with label payments. Show all posts
Showing posts with label payments. Show all posts
Friday, April 16, 2010
Friday, November 6, 2009
Exxon payments might come by year's end
The Seattle administrator who won court approval yesterday to distribute almost $300 million in Exxon Valdez interest is "committed to issuing payments before year end assuming no court orders or appeals to the contrary."
Click here for more details about the payout schedule, as well as deductions to be made from individual payments.
Click here for more details about the payout schedule, as well as deductions to be made from individual payments.
Wednesday, May 6, 2009
More Exxon Valdez damages paid
The Seattle law firm handling distribution of punitive damages collected in the Exxon Valdez oil spill case say they recently made direct bank deposits totaling more than $9 million to 585 claimants.
The claimants include Prince William Sound, Cook Inlet and Kodiak herring fishermen; land owners and Native corporations; and the Cook Inlet Aquaculture Corp.
Here's the list of the recipients.
I did a quick scan and saw some pretty sizeable figures, including payments of $100,000-plus to several Prince William Sound herring seiners.
The law firm of Keller Rohrback has been distributing money for several months now, working its way through the many different classes of plaintiffs.
The lawyers began with more than $383 million to distribute. The money came from a partial settlement with Exxon Mobil Corp. for the 1989 oil spill.
The firm maintains a news and information Web site here.
The claimants include Prince William Sound, Cook Inlet and Kodiak herring fishermen; land owners and Native corporations; and the Cook Inlet Aquaculture Corp.
Here's the list of the recipients.
I did a quick scan and saw some pretty sizeable figures, including payments of $100,000-plus to several Prince William Sound herring seiners.
The law firm of Keller Rohrback has been distributing money for several months now, working its way through the many different classes of plaintiffs.
The lawyers began with more than $383 million to distribute. The money came from a partial settlement with Exxon Mobil Corp. for the 1989 oil spill.
The firm maintains a news and information Web site here.
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