We haven't received word yet on the decision in the DC gun ban but things got off to a roaring start today when SCOTUS ruled that punitive damages in the Exxon Valdez oil spill were excessive:
WASHINGTON (AP) - The Supreme Court on Wednesday cut the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million.The lower court cut the punitive damages from $5 billion and now it's reduced even further. Exxon has spent billions cleaning up and compensating those who were effected. The huge punitive claim was way too high for the damage inflicted. Environmentalist's were hoping that Exxon would get squeezed hard just to teach Big Oil a lesson. Sorry, it didn't happen although $500 million ain't chump change.
The court ruled that victims of the worst oil spill in U.S. history may collect punitive damages from Exxon Mobil Corp. (XOM), but not as much as a federal appeals court determined.
Justice David Souter wrote for the court that punitive damages may not exceed what the company already paid to compensate victims for economic losses, about $500 million compensation.
It appears this is going to be a day to forget for liberals and the Supreme Court.
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