Exxon Valdez punitive damages reduction ruling [9th Circuit] News
Exxon Valdez punitive damages reduction ruling [9th Circuit]

In re: The Exxon Valdez, US Court of Appeals for the Ninth Circuit, December 22, 2006 [ruling reducing by $2 billion a 1994 damages award against ExxonMobil corporation in respect of the sinking of the tanker Exxon Valdez, which caused a major Alaska oil spill]. Read the full text of the ruling. Reported in JURIST's Paper Chase here.