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  1. #1 Exxon Valdez $2.5 billion oil spill ruling overturned 
    Space Gravy
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    Default 06-25-2008, 01:19 PM
    Exxon Valdez $2.5 billion oil spill ruling overturned

    WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp (XOM.N) had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska.

    The nation's highest court ruled that the punitive damages should be limited to an amount equal to the total relevant compensatory damages of $507.5 million.

    In the court's opinion, Justice David Souter concluded that the $2.5 billion in punitive damages was excessive under federal maritime law, and should be cut to the amount of actual harm.

    By a 5-3 vote, the justices overturned a ruling by a U.S. Court of Appeals that had awarded the record punitive damages to about 32,000 commercial fishermen, Alaska natives, property owners and others harmed by the nation's worst tanker spill.

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  2. #2  
    LogansPapa
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    Default 06-25-2008, 01:49 PM
    Wonderful news! Business still has a chance in America!
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  3. #3  
    Aklover
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    Default 06-25-2008, 01:51 PM
    Whatever pisses off the tards makes me happy:D
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  4. #4  
    jinxmchue
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    Default 06-25-2008, 03:27 PM
    Quote Originally Posted by LogansPapa View Post
    Wonderful news! Business still has a chance in America!
    Did anyone ever tell you how much you suck at being a parodist? You try too damn hard.
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  5. #5  
    biccat
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    Default 06-25-2008, 03:37 PM
    Quote Originally Posted by jinxmchue View Post
    Did anyone ever tell you how much you suck.
    stupid character limit requirement
    Fixed.
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  6. #6  
    LogansPapa
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    Default 06-25-2008, 04:39 PM
    Quote Originally Posted by jinxmchue View Post
    Did anyone ever tell you how much you suck at being a parodist? You try too damn hard.
    As a business owner - I was being dead serious. Are you a business owner? If so - do you enjoy insurance premium increases?
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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