SCOTUS hears lengthy argument on Exxon Valdez punitives

The Supreme Court will hear extended arguments in Exxon Shipping Co. v. Baker (07-219) today, but has refused a request by the state of Alaska to argue.  The case involves Exxon’s challenge to the $2.5 billion punitive damages verdict awarded to businesses and individuals for damages done by the massive oil spill from the tanker, Exxon Valdez, in Alaska’s Prince William Sound on March 24, 1989.