via Foxnews.com
Supreme Court to Review $2.5B in Damages Owed by Exxon Mobil Corp. for 1989 Oil Spill
WASHINGTON — The Supreme Court on Monday stepped into the long-running battle over the $2.5 billion in punitive damages owed by Exxon Mobil Corp. for the Exxon Valdez oil spill in 1989.
Eleven millions gallons of oil spilled into Alaska's Prince William Sound when the supertanker ran aground on a reef. A federal appeals court already had cut in half the $5 billion in damages awarded by a jury in 1994.
http://www.foxnews.com/story/0,2933,305880,00.html
Posted
Oct 29 2007, 09:51 AM
by
Splittfinger