Exxon's verdict for spill is ruled excessive
A U.S. federal appeals court ruled that a jury's assessment of $5 billion in punitive damages against Exxon Mobil Corp. for the Exxon Valdez spill was excessive and should be reduced.
A U.S. federal appeals court ruled that a jury's assessment of $5 billion in punitive damages against Exxon Mobil Corp. for the Exxon Valdez spill was excessive and should be reduced.