The Exxon Qualified Settlement Fund (EQSF)
To create a mechanism to distribute compensatory and punitive damages recovered by plaintiffs from Exxon, on January 25, 1995 Judge Holland signed the order establishing the "Exxon Qualified Settlement Fund".
Payments of damages are made by Exxon to the EQSF, which, in turn, makes payments to plaintiffs pursuant to the various plans of distribution. Judge Holland appointed plaintiffs' attorney, Lynn Lincoln Sarko, of the Keller Rohrback L.L.P. law firm of Seattle, Washington, as the Administrator of the EQSF. Mr. Sarko continues to serve as the Administrator.
The EQSF Administrator
The EQSF Administrator is Lynn Lincoln Sarko, the managing partner of Keller Rohrback L.L.P. Mr. Sarko leads the firm's nationally recognized Complex Litigation Group.
An accomplished trial lawyer, he regularly serves as lead counsel in multi-party and class actions involving ERISA, antitrust, securities, and environmental issues.
Mr. Sarko first came to Seattle for a federal clerkship. He returned after serving as an Assistant U.S. Attorney in Washington D.C. Courts and professional organizations have honored him for his work in high profile public cases.
After serving as trial counsel in the Exxon Valdez Oil Spill case, he was appointed by the court as Administrator for all funds recovered.
Currently, Mr. Sarko serves as lead or co-lead counsel in several leading ERISA cases, including the largest and most complex – the Enron, WorldCom, and Global Crossing cases, and numerous other 401(k) and ESOP cases including: In re Lucent Technologies, Inc. ERISA Litigation; In re Xerox ERISA Litigation; In re Dynegy, Inc. ERISA Litigation; In re Williams Cos. ERISA Litigation; In re BellSouth Corp. ERISA Litigation; In re Household International, Inc. ERISA Litigation; and In re Polaroid ERISA Litigation.