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.
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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