3 ms·

Ask Exxon

• gruez 2y ago
  Surely there's a specific lawsuit you can refer to rather than pointing at a company and hoping that we can guess which case you're referring to?
  • slater 2y ago
    You're welcome: https://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill#Litigation_and_cleanup_costs https://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill#Litigat...
    • gruez 2y ago
      Still not a specific case. If you're referring to Exxon Shipping Co. v. Baker, that was decided in 2008, so at most that's 19 years if the lawsuit was filed immediately after the spill. Granted, this is more than the "5-10 years" I initially estimated, but the lengthy litigation is only over the punitive damages, so in the context of "Option C). Pay 1 billion to keep the lawsuit going forever.", that's not really applicable. At best you can keep litigation going for 19 years to avoid paying the full amount, but you're going to have to compensatory damages far before that.