This morning, the Supreme Court issued a 5-3 decision (Justice Samuel Alito did not participate) slashing punitive damages Exxon Mobil must pay for the 1989 Valdez spill disaster from $2.5 billion to $500 million. “Nearly 33,000 Alaskans are in line to share in the award,” AP reports, which have been cut now from $75,000 each to about $15,000.
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