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Article

7 Jun 2010

Author:
Sheila McNulty, Financial Times

Likely litigants look to Exxon Valdez precedent [USA]

It took two decades and more than $1bn (€836m, £690m) in damages for ExxonMobil to resolve the last of the lawsuits from the 1989 Exxon Valdez oil spill in Alaska. BP’s ongoing spill in the Gulf of Mexico is already bigger...“BP is saying they will pay legitimate claims, just like Exxon said after the Valdez oil spill,” said Scott Summy, lead attorney…, representing 18 fishermen in lawsuits against the UK company…Despite BP’s mantra that it will pay “all legitimate claims’’, Mr Summy questions how hard it will be to get the company to do that. BP said on Monday it did not comment on legal matters.