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US court cuts Exxon Valdez damages by US$2 billion US court cuts Exxon Valdez damages by US$2 billion
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Old 12-23-2006   #1 (permalink)
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Default US court cuts Exxon Valdez damages by US$2 billion
NEW YORK - A US appeals court cut US$2 billion ($2.85 billion) off the US$4.5 billion in punitive damages owed by Exxon Mobil for the Exxon Valdez oil spill, saying the earlier penalty was too harsh compared with the economic harm...

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