Supreme Court Cuts Exxon Valdez Award

By June 25, 2008Briefly Legal

From AP: “WASHINGTON (AP) — US Supreme Court cuts $2.5 billion judgment to victims of Exxon Valdez disaster.” No ruling on the D.C. guns case, Heller.

ScotusBlog has been live blogging today’s public session and links to the Exxon Shipping v. Baker decision.

The NAM had filed an amicus brief supporting the appeal by Exxon Shipping. You can find a description of the case and our brief at our Legal Beagle site.

UPDATE: (10:38 a.m.) More from AP:

WASHINGTON (AP) — The Supreme Court on Wednesday cut 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. history may collect punitive damages from Exxon Mobil Corp., but not as much as a federal appeals court determined.

Justice David Souter wrote for the court that punitive damages may not exceed what the company already paid to compensate victims for economic losses, about $500 million compensation.

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