Exxon Valdez

ELR Citation: ELR 20320
No(s). 97-35191 et al (9th Cir. Nov 7, 2001)

The court holds that commercial and native subsistence fishermen may be awarded punitive damages for economic injuries they suffered as a result of the Exxon Valdez oil spill, but the $5 billion awarded the fishermen is excessive in light of U.S. Supreme Court precedent. A class of commercial fisher...