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U.S. Supreme Court Overturns Valdez Oil Spill Damage Award

U.S. Supreme Court Overturns Valdez Oil Spill Damage Award

WASHINGTON, DC, June 25, 2008 (ENS) – The U.S. Supreme Court has dealt a blow to victims of the 1989 Exxon Valdez disaster, cutting the $2.5 billion in punitive damages award for the worst oil spill in U.S history to $507 million. The court, by a 5-3 margin, ruled the punitive damages awarded against the…

Exxon Valdez Dispute Spills into U.S. Supreme Court

Exxon Valdez Dispute Spills into U.S. Supreme Court

WASHINGTON, DC, February 27, 2008 (ENS) – Nearly two decades after one of its tankers crashed into a reef and spilled some 11 million gallons of crude oil into Alaska’s Prince William Sound, ExxonMobil urged the U.S. Supreme Court to reverse a lower court’s decision that would force the company to pay $2.5 billion in…