Industry: Case in court

Exxon Shipping Co. v. Baker, 554 U.S. 471, was a case decided by the Supreme Court of the United States. The Court ruled in a 5-3 decision that the punitive damages awarded to the victims of the Exxon Valdez oil spill should be reduced from US$2.5 billion to US$500 million. Date decided: 2008 Ruling court: Supreme Court of the United States Citations: 554 U.S. 471 (more)128 S. Ct. 2605; 171 L. Ed. 2d 570

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