Court Slashes Judgment in Exxon Valdez Disaster

June 27, 2008

The Supreme Court today threw out a $2.5 billion award of punitive damages against Exxon Mobil Corp. for the 1989 Exxon Valdez oil spill off Alaska, ruling that the award should be limited to the amount of compensatory damages in the case — about $500 million.

read more | digg story

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