Archive for the ‘oil+spills’ Category

Court slashes judgment in Exxon Valdez disaster from $2.5B to $.5B

Wednesday, June 25th, 2008

In dissent, Justice John Paul Stevens supported the $2.5 billion figure for punitive damages, saying Congress has chosen not to impose restrictions in such circumstances. Justice Ruth Bader Ginsburg also dissented, saying the court was engaging in "lawmaking" by concluding that punitive damages may not exceed what the company ...

U.S. Supreme Court agrees to review $2.5 billion in punitive damages in Exxon Valdez case

Monday, October 29th, 2007

Roberts' court off the rails? The company has been battling the judgment for more than a decade. The company has managed to get the award cut in half from the original $5 billion awarded in 1994 by an Anchorage jury in the class-action suit.Read the full story