« NYC Questions 9/11 Worker Symptoms | Main | Exxon and Punitive Damages Research »
June 25, 2008
Supreme Court Reduces Exxon Valdez Punitives to $500M
In a 5-3 ruling, the Supreme Court decided the Exxon Valdez [pdf] punitive damages case today. (Justice Alito did not participate in the decision). The majority opinion was authored by Justice Souter. The Court found the punitive damages award excessive as a "matter of federal maritime law," and imposed a 1:1 ratio between punitive damages and compensatory damages. This holding reduced the punitive damages award to just over $500 million.
- SBS
June 25, 2008 in Damages | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e5537033ba8833
Listed below are links to weblogs that reference Supreme Court Reduces Exxon Valdez Punitives to $500M:
