Even an off year for business at the U.S. Supreme Court is still a good year.

The court Wednesday ruled in favor of Exxon Mobil Corp., cutting $2 billion from the punitive damages it owes for the 1989 Valdez oil spill in Alaska. The 5-3 decision, which leaves the oil company to pay $507.5 million, ended a 19-year legal fight.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]