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High Court May Limit Exxon Valdez Punitive Damages

By Ron Zapata (February 22, 2008, 12:00 AM EST) -- The U.S. Supreme Court pondered setting a ratio limit for punitive damage awards as it heard oral arguments Wednesday over a $2.5 billion award against ExxonMobil Corp. for damages caused by the 1989 Exxon Valdez tanker spill....

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