The Supreme Court on Wednesday appeared unwilling to toss out the $2.5 billion punitive damage award against Exxon Mobil Corp. for the massive Exxon Valdez oil spill 19 years ago. But the justices also seemed to think that $2.5 billion was too much, pointing toward a possible compromise decision that will give partial victories both to the oil company and the class of 32,000 Alaska fishermen and others involved in the case.
February 28, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Supreme Court on Wednesday appeared unwilling to toss out the $2.5 billion punitive damage award against Exxon Mobil Corp. for the massive Exxon Valdez oil spill 19 years ago.
But the justices also seemed to think that $2.5 billion was too much, pointing toward a possible compromise decision that will give partial victories both to the oil company and the class of 32,000 Alaska fishermen and others involved in the case.
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