Exxon Must Pay Interest in ExxonValdez class-action case
June 16th, 2009
The 9th Circuit Court of Appeals has ruled that Exxon Mobil Corporation must pay court costs and the built up interest fees in the ExxonValdez class-action case. This issue was not addressed in the Supreme Court ruling that cut the original ruling against Exxon $5 billion by nearly 90 percent. The rate of interest to be applied is 5.9 percent. This brings the two parties in this suit one step closer to a final resolution.
