Latest Exxon Shipping Co. v. Baker Stories
U.S. oil giant Exxon Mobil said it would not attempt an appeal of the $1 billion damages it was ordered to pay in the wake of the Exxon Valdez oil spill. Earlier this month, the 9th U.S. Circuit Court of Appeals in San Francisco ordered Exxon Mobil Corp.
Legal wrangling could hold up payments of about $383 million in damages from Alaska's Exxon Valdez oil spill, lawyers say. In June, the U.S.
To: POLITICAL EDITORS Contact: Aric Caplan for The Whole Truth, +1-301-998-6592, or email@example.com CORDOVA, Alaska, July 21 /PRNewswire-USNewswire/ -- A native fisherman from Alaska, Ms.
WASHINGTON _ Exxon Mobil has balked at paying $488 million in interest on punitive damages that plaintiffs say it owes for its role in the 1989 Prince William Sound oil spill in Alaska, saying "there is no good reason" for the Supreme Court to assess interest.
By Michael Milstein, The Oregonian, Portland, Ore. Jun. 26--Gary Soderstrom had just got off the Columbia River after a long night of fishing Wednesday morning when he heard that the Supreme Court had slashed the money coming to him.
By Anonymous The Supreme Court's decision to further slash punitive damages resulting from the Exxon Valdez oil spill had to hurt twice for the injured parties. Their final judgment will only be about 10 percent of what a jury originally awarded them, and they had to wait 19 years to get it.
By PETE YOST By Pete Yost The Associated Press WASHINGTON The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million. The court ruled that victims of the worst oil spill in U.S.
The Supreme Court on Wednesday tossed out a $2.5 billion punitive damages award arising from the 1989 grounding of the Exxon Valdez, in a 5-3 decision that strengthens its trend of curtailing damages to punish and deter wrongdoing.
By Elizabeth Souder and Dave Michaels, The Dallas Morning News Jun. 26--After 19 years, Exxon Mobil Corp. succeeded in getting the Supreme Court to slash the additional amount it must pay Alaskans harmed by the 1989 Valdez oil spill from the original $5 billion to $500 million.
WASHINGTON _ In a victory for corporations seeking to limit big-dollar lawsuits, the Supreme Court on Wednesday cut the $2.5 billion in punitive damages awarded in the 1989 Exxon Valdez oil spill.
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