Search Results
$5 Billion Award Ruled Excessive : Damages Are Halved in Exxon Valdez Oil Spill
A federal appeals court on Friday cut in half a $5 billion jury award for punitive damages against Exxon Mobil in the 1989 oil spill that smeared black goo across 1,500 miles of Alaskan coastline.
The case, one of the nation’s longest-running noncriminal legal disputes, stems from a 1994 decision by an Anchorage jury to award [...]
