WASHINGTON -- The U.S. Department of Justice and the state of Alaska are closing the books on the 26-year legal battle over the Exxon Valdez oil spill.
In court Thursday, the state and federal government will tell Anchorage federal Judge Russel Holland, who has overseen the case since the 1991 settlement, that they are dropping any right to claim more funds from Exxon.
The 1991 civil settlement with Exxon granted a state and federal trustee board $900 million over 10 years to manage damage to natural resources -- then the largest environmental settlement ever.
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