High Court To Hear Exxon’s Appeal Over Valdez Spill

Law360, New York (October 29, 2007, 12:00 AM EDT) -- In a boost to Exxon Mobil Corp., the nation’s highest court has agreed to consider the oil company’s last-gasp attempt to overturn a $2.5 billion punitive damages award in a case brought against it by fishermen and other Alaskans over the 1989 Valdez tanker spill.

The U.S. Supreme Court on Monday granted Exxon Mobil’s petition for writ of certiorari, agreeing to hear the company's appeal of a ruling by the U.S. Court of Appeals for the Ninth Circuit that awarded the record damages to about 32,000...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.