NEWS ROOM

Punitive Damages in '89 Alaska Spill Cut Nearly in Half
2006-12-22

On Friday, December 22, 2006 a federal appeals court cut punitive damages against ExxonMobil Corp. from $4.5 billion to $2.5 billion Friday for harm caused to tens of thousands of Alaskans by the 1989 Exxon Valdez oil spill, saying the company deserved credit for acting quickly to clean up the spill and compensate the victims.

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