The Alabama Supreme Court on Thursday threw out nearly all of a record $3.6 billion verdict that the state government won against Exxon Mobil Corp. in a dispute over natural gas royalties. In an 8-1 decision, the state's highest court awarded Alabama $51.9 million in compensatory damages. The court threw out all punitive damages, which made up most of the $3.6 billion verdict, the largest ever in Alabama. The court said the state failed to prove fraud by Exxon Mobil and no punitive damages were due.
November 02, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Alabama Supreme Court on Thursday threw out nearly all of a record $3.6 billion verdict that the state government won against Exxon Mobil Corp. in a dispute over natural gas royalties.
In an 8-1 decision, the state’s highest court awarded Alabama $51.9 million in compensatory damages. The court threw out all punitive damages, which made up most of the $3.6 billion verdict, the largest ever in Alabama.
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