Columbia Law School Scholarship Archive Faculty Scholarship Faculty Publications 1994 Recovery for Economic Loss Following the Exxon Valdez Oil Spill Victor P. Goldberg Columbia Law School,
[email protected] Follow this and additional works at: https://scholarship.law.columbia.edu/faculty_scholarship Part of the Environmental Law Commons, Law and Economics Commons, Litigation Commons, and the Torts Commons Recommended Citation Victor P. Goldberg, Recovery for Economic Loss Following the Exxon Valdez Oil Spill, 23 J. LEGAL STUD. 1 (1994). Available at: https://scholarship.law.columbia.edu/faculty_scholarship/2644 This Article is brought to you for free and open access by the Faculty Publications at Scholarship Archive. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Scholarship Archive. For more information, please contact
[email protected]. RECOVERY FOR ECONOMIC LOSS FOLLOWING THE EXXON VALDEZ OIL SPILL VICTOR P. GOLDBERG* I. INTRODUCTION THE physical cleanup following one of the worst oil spills in history, that of the Exxon Valdez, is done. 1 The legal cleanup, however, has barely begun. Over 100 law firms participating in over 200 suits in federal and state courts involving more than 30,000 claims are presently engaged in litigation.2 Fishermen, cannery workers, fishing lodges, tour boat oper ators, oil companies whose shipments were delayed, and even California * Thomas Macioce Professor of Law and Codirector, Center for Law and Economic Studies, Columbia University School of Law. For comments on previous drafts, I would like to thank Merritt Fox, Ronald Gilson, Bruce Johnsen, Ken Jones, Bill Landes, Julie Nelson, Dick Pierce, Mark Roe, and participants at workshops at Yale University, the University of Pennsylvania, the University of Connecticut, University of California, Berke ley, and the University of Michigan.