Independent journal on economy and transport policy
01:44 GMT+2
Court: Exxon bill too high
(Anchorage Daily News)
November 8, 2001
RULING: $5 billion punitive damage award called excessive for 1989 Exxon Valdez spill
By Ben Spiess And Natalie Phillips Anchorage Daily News
A federal appeals court ruled that the $5 billion punitive damage award against Exxon Mobil Corp. for the 1989 Exxon Valdez oil spill is excessive and recommended that the U.S. District Court in Anchorage set a far lower amount.
A three-judge panel handed a victory to Exxon ...... Read more on Anchorage Daily News
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