Supreme Court Vacates $2.5 Billion Punitive Damages Award against Exxon

by Linda T. Coberly View Biography
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July 17, 2008

Previously published on June 2008

In a much-anticipated decision, the Supreme Court recently vacated a $2.5 billion punitive damages award against Exxon for the 1989 Exxon Valdez oil spill, finding that the award was excessive under federal maritime common law.

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Supreme Court Vacates $2.5 Billion Punitive Damages Award against Exxon

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