Supreme Court slashes billion-dollar punitive damages award in 1989 Exxon Valdez oil spill

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Supreme Court slashes billion-dollar punitive damages award in 1989 Exxon Valdez oil spill
1:23 AM EST June 26, 2008 | WASHINGTON | AP

The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the Exxon Valdez disaster to $500 million, a decision that could have broader implications for limiting how much courts... [MORE]

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