August 31, 2007
Exxon Valdez Punitives Fight Still Going
I'm not so good at math, but I'm pretty sure the Exxon Valdez punitive damages rulings have gone up and down the appellate chain about 400 times. Make that 401.
Plaintiffs in the long-running case surrounding the 1989 Exxon Valdez oil disaster this week asked the U.S. Supreme Court to restore a $5 billion punitive fine against Exxon Mobil Corp, a petition filed with highest U.S. court shows.
The petition, filed Tuesday, followed one filed last week by Exxon Mobil that asked the Supreme Court to overturn the $2.5 billion punitive fine assessed by the 9th Circuit Court of Appeals.
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