Supreme Court drastically cuts punitive damages in Exxon Valdez oil spill case
Mike Lytle, a third-generation fisherman from the coastal village of Cordova, Alaska, said many residents were planning their retirements with the $2.5 billion in punitive damages that Exxon Mobil Corp. was expected to pay the nearly 33,000 victims of the 1989 Exxon Valdez oil spill that dumped 11 m....
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