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Exxon Appeals Award to High Court
In addition to the cost of the cleanup effort and fines related to the Exxon Valdez oil spill, Exxon is now on the hook for $5 billion in punitive damages leveled by a federal jury in Alaska for a class of landowners and fishermen who suffered private economic harm. The 9th Circuit eventually reduced the total to $2.5 billion. The Supreme Court will consider whether to hear Exxon's appeal of the award, which argues that the amount remains excessive under both maritime law and constitutional due process.