Tuesday, October 30, 2007

SCOTUS grants cert. in Exxon Valdez case

This case could be the next chapter in SCOTUS punitive damages jurisprudence. The original award in punitives was $5 billion, but the Ninth Circuit knocked it down to $2.5 billion, which Exxon argues is still 123 times more than the actual damages.

Here is the take from Law.com.

SCOTUS blog has this report.

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