Oil Spill, Punitive Damages | featured news

Court orders $507.5 million damages in Exxon Valdez spill

A federal appeals court on Monday ordered Exxon Mobil Corp to pay $507.5 million in punitive damages stemming from the 1989 Exxon Valdez oil spill off Alaska, plus 5.9 percent interest running from the 1996 trial judgment, the opinion said.

 

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