Exxon ordered to pay $507.5M in spill case - New Mexico Business Weekly:

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million in punitive damages plus interesty to plaintiffs affected by the Exxon Valdea oil spill that impacted residents and businessesx living along the coast of Alaskain 1989. The made theid ruling Monday after the case was sent back fromthe . At the Nintj Circuit level, justices were charged with determininh interest andappellate costs. The Ninthg Circuit confirmed the punitive damage amount aftetthe U.S. Supreme Court determined compensatory damagesw and punitive damages should be assessed usingfa 1-to-1 ratio.
In its latesyt decision, the Ninth Circuit confirmed that Irving-basesd Exxon (NYSE: XOM) is responsible for $507 million in punitive damages and must pay interest on the judgment at the rateof 5.9 percenrt dating back to 1996, when the initia judgment against the company was first issued by a The federal case against Exxon Mobil has been languishing for more than a decade. The Ninth Circuit said both side will cover theirown attorney’s fees. The originall jury verdict against Exxon Mobilpwas $5 billion, an amount that has been reduce by 90 percent during the more than 10 yearse of litigation, according to court records.
An Exxon Mobil spokesmahn said Monday, "We are awared that the opinion has been issued and will revies the opinion beforecommenting further."