The Exxon Valdez ran aground on an Alaskan reef nearly 20 years ago, but a related case has just reached the U.S. Supreme Court. Exxon Mobil is asking the high court to examine the record $2.5 billion punitive damages award -- reduced from $5 billion by the 9th Circuit -- through the lens of general maritime law, which is adding an interesting wrinkle. And some experts say the case could also reveal the positions of the Court's newest justices on punitive award limits.
Exxon Valdez Case Brings $2.5B Damages Fight to Supreme Court
The National Law Journal
September 12, 2007