$1.65B In Exxon Leak Damages Slashed By Md. High Court

Law360, New York (February 26, 2013, 4:33 PM EST) -- Maryland's high court on Tuesday reversed the bulk of two jury verdicts against Exxon Mobil Corp. that awarded $1.65 billion to families and businesses alleging personal and financial harm and property damage from a 2006 underground gasoline leak, including the entirety of a $1 billion punitive damages award.

Finding that the plaintiffs failed to provide clear and convincing evidence that Exxon made misleading statements about the pressurized fuel line leak at its Jacksonville, Md. gas station, the Court of Appeals of Maryland said the energy giant...
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