Damages Are Halved in Exxon Valdez Oil Spill
$5 Billion Award Ruled Excessive, The Associated Press reports here at the Washington Post website: A federal appeals court on Friday cut in half a $5 billion jury award for punitive damages against Exxon Mobil in the 1989 oil spill that smeared black goo across 1,500 miles of Alaskan coastline.