Sunday, November 11, 2007

SCOTUS to review Exxon Valdez punitive damages award

The Supreme Court of the United States has granted certiorari to review the 2.5 billion dollar punitive damages award assessed against Exxon for harms resulting from the infamous Exxon Valdez oil spill. In case you've forgotten the details, the Tanker/Vessel Exxon Valdez spilled roughly 11 million gallons of crude oil into the Prince William Sound and Lower Cook Inlet of Alaska when the ship's captain, Joseph Hazelwood, ran the vessel into Bligh Reef on March 24, 1989.

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November 11, 2007 in Cases, Law, US | Permalink | TrackBack (0)