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Alaska: Out-of-state fishermen see windfall vanishing

'Extraordinary' Alaska Supreme Court ruling reverses huge award

Posted: January 22, 2012 - 12:15am

By Pat Forgey

The Alaska Supreme Court has reversed one of its own earlier decisions and slashed more than $50 million from what would have been a windfall for a group of out-of-state fishermen.

It may save the state that amount immediately, and possibly much more in the future, state officials say.

The Alaska Supreme Court’s ruling, announced Friday, essentially admits the court’s earlier decision awarding the..