Exxon fights for its interest

The Exxon Valdez ran aground in 1989

The Exxon Valdez ran aground in 1989

The ruling by the U.S. Supreme Court in Exxon Shipping Co. v. Baker cutting the punitive damages award in the case arising from the notorious 1989 Valdez oil spill off the Alaskan coast did not bring an end to the legal drama.

Now the oil company is seeking more relief from the Court, asking it to rule that the company does not have to pay interest on the $507 million judgment. Interest would nearly double the amount Exxon would pay.

Attorneys for the company submitted a nine-page brief to the Court yesterday, according to the Anchorage Daily News.

“Exxon does not agree that there is any sound basis to award plaintiffs what they seek — approximately $488 million over and above the $507.5 million that this Court determined was the legally proper amount to punish and deter,” the filing reads.

The Court has wrapped up its term. Although some petitions are considered by the justices during the summer months, it is unclear whether any action on the filing will occur before the Court officially reconvenes in October.

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