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The oil fields of Alabama have produced the first major contest under the U.S. Supreme Court's new guidelines on punitive damages limits. On Nov. 14, a jury awarded an $11.9 billion verdict against ExxonMobil Corp. -- $11.8 billion of it in punitives -- in a dispute over royalties owed on oil field leases. Now an appeals process pits those punitives against damage award recommendations set forth in the high court's State Farm decision.
November 25, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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