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20 April 2019 The on-line newspaper devoted to the world of transports 02:43 GMT+2

November 8, 2001

Court: Exxon bill too high
RULING: $5 billion punitive damage award called excessive for 1989 Exxon Valdez spill

By Ben Spiess And Natalie Phillips
Anchorage Daily News

A federal appeals court ruled that the $5 billion punitive damage award against Exxon Mobil Corp. for the 1989 Exxon Valdez oil spill is excessive and recommended that the U.S. District Court in Anchorage set a far lower amount.

A three-judge panel handed a victory to Exxon ......
Read more on Anchorage Daily News

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