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Exxon Valdez Oil SpillExxon Mobil Corporation (NYSE: XOM) announced today that it would not challenge the ruling of an appeals court stating that it was to pay $470 million in interest on the $507.5 million judgment related to the Exxon Valdez oil spill.

The Exxon Valdez oil spill took place back in 1989, and victims have been trying to get some money from Exxon ever since. In 1994 the victims won a $5 billion judgment, but Exxon has fought that ruling for the past 15 years.

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Exxon Mobil will not challenge Valdez judgement originally appeared on BloggingStocks on Tue, 30 Jun 2009 18:00:00 EST. Please see our terms for use of feeds.

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