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NAUTILUS MARINE ENTERPRISES v. EXXON MOBIL

No. S-14458.

305 P.3d 309 (2013)

NAUTILUS MARINE ENTERPRISES, INC., Appellant, v. EXXON MOBIL CORPORATION and Exxon Shipping Company, Appellees.

Supreme Court of Alaska.

July 19, 2013.

Attorney(s) appearing for the Case

Charles W. Coe, Law Offices of Charles W. Coe, Anchorage, for Appellant. John Clough III, Clough & Associates, P.C., Auke Bay, for Appellee Exxon Mobil Corporation.

Douglas J. Serdahely and Barat M. LaPorte, Patton Boggs LLP, Anchorage, for Appellee Exxon Shipping Company.

Carla J. Christofferson and Dawn Sestito, O'Melveny & Myers LLP, Los Angeles, California, for Appellees.

Before: FABE, Chief Justice, CARPENETI and STOWERS, Justices.

OPINION

STOWERS, Justice.

I. INTRODUCTION

In September 2006 Exxon Mobil Corporation and Exxon Shipping Company (collectively "Exxon") entered into a Settlement Agreement with two seafood processors, Nautilus Marine Enterprises (Nautilus) and Cook Inlet Processing (Cook Inlet). The agreement contained the following language: "Exxon and the Seafood Processors agree that the issue of the correct rate of prejudgment interest in this case shall...

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