Seattle Seven: Difference between revisions
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[[Category:Companies based in Seattle, Washington]] |
[[Category:Companies based in Seattle, Washington]] |
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[[Category:Exxon Valdez oil spill]] |
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Revision as of 15:54, 28 September 2008
The Seattle Seven is a group of seven seafood companies, operating in the city of Seattle, known for negotiating a secret agreement with Exxon corporation in 1991, relating to punitive damages resulting from the Exxon Valdez oil spill. The companies, (ADF, Icicle Seafoods, North Coast Seafood Processors, North Pacific Processors, Ocean Beauty Seafoods, Trident Seafoods, Wards Cove Packing Co.) were paid $63.75 million, but if Exxon should lose the civil case, they would repay Exxon almost all of their share of the money, which was about $750 million.[1]