Ten years ago today the Exxon Valdez oil tanker ran aground at Prince William Sound, Alaska, leading to the largest punitive damages award in federal court history.
But nearly five years after the $5 billion jury verdict, Exxon Corp. has yet to pay a penny. Instead, the company is exhausting its remedies in the appellate courts and letting the interest on the money accrue while roughly 34,000 class members wait.
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