No I am not talking about the gun one, that has everyone jerking off in the corner and also I am not talking about the child rape death penalty thingy. I am talking about the one that was basically swept under the closest rug.
The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million.
The court ruled that victims of the worst oil spill in U.S. history may collect punitive damages from Exxon Mobil Corp., 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.
The Supreme Court divided on its decision, 5-3, with Justice Samuel Alito taking no part in the case because he owns Exxon stock.
Exxon has fought vigorously to reduce or erase the punitive damages verdict by a jury in Alaska four years ago for the accident that dumped 11 million gallons of oil into Prince William Sound. The environmental disaster led to the deaths of hundreds of thousands of seabirds and marine animals.
Nearly 33,000 Alaskans are in line to share in the award, about $15,000 a person. They would have collected $75,000 each under the $2.5 billion judgment.
The commercial fishermen, Native Alaskans, landowners, businesses and local governments involved in the lawsuit have each received about $15,000 so far “for having their lives and livelihood destroyed and haven’t received a dime of emotional-distress damages,” their Supreme Court lawyer, Jeffrey Fisher, said when the court heard arguments in February.
Yes, would not want the company that destroyed an eco-systems and has made more money than God can imagine to be held responsible for their actions. For all they are is a corporation and we know that they are never responsible for their actions. (BTW, sarcasm is intended).
I agree – but don’t blame the corporation for being… well… a corporation – blame the corrupt and stupid system that allows them to get away with it!
Money talks, eh?
Always!