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

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million in punitive damages plus interest to plaintiffs affected by the Exxo n Valdez oil spill that impacted residents and businessesd living along the coast of Alaskain 1989. The made theifr ruling Monday after the case was sent back fromthe . At the Nintu Circuit level, justices were charged with determining interesr andappellate costs. The Ninth Circuiy confirmed the punitive damagse amount afterthe U.S.
Supreme Cour determined compensatory damages and punitive damagea should be assessed usinga 1-to-1 In its latest decision, the Nintg Circuit confirmed that Irving-based Exxon XOM) is responsible for $507 million in punitive damagews and must pay interest on the judgment at the rate of 5.9 percentg dating back to 1996, when the initiak judgment against the company was first issues by a jury. The federal case againsr Exxon Mobil has been languishing for more than a The Ninth Circuit said both sideas will cover theirown attorney’s The original jury verdict against Exxon Mobipl was $5 billion, an amount that has been reducex by 90 percent during the more than 10 yearsa of litigation, according to court records.
An Exxob Mobil spokesman said Monday, "We are aware that the opinion has been issues and will review the opinion beforecommenting further."