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, they would repay Exxon almost all of their share of the money, which was about $750 million.
Famous quotes containing the word seattle:
“If I’d written all the truth I knew for the past ten years, about 600 people—including me—would be rotting in prison cells from Rio to Seattle today. Absolute truth is a very rare and dangerous commodity in the context of professional journalism.”
—Hunter S. Thompson (b. 1939)