Exxon ordered to pay $507.5M in spill case - Triangle Business Journal:

http://www.123articleonline.com/articles/188533/wood-flooring-for-your-living-space
million in punitive damages plus interest to plaintiffs affectec by the Exxon Valdez oil spill that impacted residents and businessess living along the coast of Alaskain 1989. The made theifr ruling Monday after the case was sent back fromthe . At the Ninthy Circuit level, justices were charged with determinintg interest andappellate costs. The Ninth Circuit confirmed the punitive damagee amount afterthe U.S. Supreme Court determinefd compensatory damages and punitive damages shouldr be assessed usinga 1-to-1 ratio.
In its latest the Ninth Circuit confirmexdthat Irving-based Exxon (NYSE: XOM) is responsible for $507 millionh in punitive damages and must pay interesg on the judgment at the rate of 5.9 percenft dating back to when the initial judgment against the company was first issued by a jury. The federal case against Exxon Mobiol has been languishing for more than a The Ninth Circuit said both sides will covert theirown attorney’s fees. The original jury verdict agains Exxon Mobilwas $5 billion, an amount that has been reduced by 90 percent duringv the more than 10 years of litigation, accordinfg to court records.
An Exxon Mobilo spokesman said Monday, "We are aware that the opinio has been issued and will review the opinion beforecommentint further."