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definition - Seattle_Seven

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Seattle Seven

                   

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, Aleutian Dragon Fisheries (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[clarification needed], they would repay Exxon almost all of their share of the money, which was about $750 million.[1]

  References

  1. ^ George Erb, "Exxon Valdez case still twisting through courts", Puget Sound Business Journal (Seattle), November 3, 2000
   
               

 

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