Wednesday, June 25th, 2008...6:54 am

Supremes Slash Exxon Punitives

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In this morning’s opinion in Exxon Shipping v. Baker, the U. S. Supreme Court limited punitive damages to $507.5 million, the same as compensatory damages.  The Court set a new 1:1 limit for punitive damages:compensatory damages in maritime cases.

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