On June 25, 2008, the U.S. Supreme Court cut the fine Exxon Mobil was ordered to pay from $2.5 billion down to $507.5 million. The oil company was originally ordered to pay punitive damages to the victims of the 1989 Exxon Valdez oil spill.
Exxon Valdez Case Review Blogs and Commentaries
MotherJones Blog: Supreme Court Overturns Exxon Valdez Verdict (June 25, 2008)
AlaskaReport: Alaska Screwed over by Exxon Again (June 25, 2008)
Law Blog - WSJ.com: Will the Supremes Hear the Exxon Valdez Punitives Case?
The Post-Standard: Supreme Court agrees to review Exxon Valdez case
Mass Tort Litigation Blog: U.S. Supreme Court to Review Exxon Valdez Punitive Damages
Democratic Underground: Supreme Court agrees to review Exxon Valdez damages
SCOTUSblog: Court to rule on Exxon Valdez verdict
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References
Fast Facts
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1994
Exxon ordered to pay $5 billion in damages
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2002
Decreased to $4 billion in appeals court
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January 2004
Increased to $4.5 billion
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December 2007
Decreased to $2.5 billion
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June 25, 2008
U.S. Supreme Court cut fine from $2.5 billion to $507.5 billion
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Victims include
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The Exxon Valdez was captained by Joseph Hazelwood, who was under the influence of alcohol
