• law

    Exxon May Have Its Punitive Damages For Valdez Spill Cut In Half By Supreme Court

    The Supreme Court is currently considering whether to halve the punitive damages levied against Exxon for its massive 1989 oil spill from the Exxon Valdez tanker, from the current $2.5 billion to something more like $1 billion. Exxon claims the higher number amounts to excessive punishment. According to the New York Times, the decision may come down to a tie with four justices on either side; Justice Alito is not participating because he owns Exxon Mobile stock. The Exxon Valdez disaster "caused a 3,000-square-mile oil slick and still affects Alaska's fisheries after nearly 19 years." More »

    12:34 PM on Thu Feb 28 2008
    By Chris Walters
    4,439 views, 87 comments

    Latest by paulkruger: Of course EXXON can't afford it now...they have to send that money to help pay for John McCain's campaign. more »

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