February 24, 2008

Article Profiles Plaintiffs' Firm in Exxon Valdez Litigation

We're not going to link to all of the many articles previewing the Exxon Valdez oral argument (coming up this Wednesday), but this one is worth mentioning. It takes a different angle from most of the others; it focuses on one of the 61 different firms representing the plaintiffs, Minnesota's Faegre & Benson. The article says Faegre & Benson has invested $30 million dollars worth of attorney time in the case and has recovered only $1.5 million so far (from the compensatory damage award), but stands to earn over $100 million if the Supreme Court affirms the $2.5 billion punitive damages award.