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druidity33

(6,956 posts)
48. The internet tells me...
Mon Jun 29, 2026, 05:46 PM
8 hrs ago

that Exxon paid out roughly 3 billion for the disaster that was Valdez. Wikipedia has the deets:

Exxon appealed again. On May 23, 2007, the 9th Circuit Court of Appeals denied ExxonMobil's request for a third hearing and let stand its ruling that Exxon owed $2.5 billion in punitive damages. Exxon then appealed to the Supreme Court, which agreed to hear the case.[49] On February 27, 2008, the Supreme Court heard oral arguments. Justice Samuel Alito, who at the time owned between $100,000 and $250,000 in Exxon stock, recused himself from the case.[50] In a decision issued June 25, 2008, written by Justice David Souter, the court vacated the $2.5 billion award and remanded the case back to the lower court, finding that the damages were excessive with respect to maritime common law. Exxon's actions were deemed "worse than negligent but less than malicious."[51] The punitive damages were further reduced to an amount of $507.5 million.[52] The Court's ruling was that maritime punitive damages should not exceed the compensatory damages,[52] supported by a precedent dating from 1818.[citation needed] Senate Judiciary Committee Chairman Patrick J. Leahy has decried the ruling as "another in a line of cases where this Supreme Court has misconstrued congressional intent to benefit large corporations."[53]

Exxon's official position was that punitive damages greater than $25 million were not justified because the spill resulted from an accident, and because Exxon spent an estimated $2 billion cleaning up the spill and a further $1 billion to settle related civil and criminal charges. Attorneys for the plaintiffs contended that Exxon bore responsibility for the accident because the company "put a drunk in charge of a tanker in Prince William Sound."[54] Exxon recovered a significant portion of clean-up and legal expenses through insurance claims associated with the grounding of Exxon Valdez.[55][56]

As of December 15, 2009, Exxon had paid the entire $507.5 million in punitive damages, including lawsuit costs, plus interest, which were further distributed to thousands of plaintiffs.[57] This amount was one-tenth of the original punitive damages, Exxon remained hugely profitable, the process of payment was drawn out over decades, and long term damage continues and is not funded by Exxon. Hence, the Exxon spill is often cited as shorthand for corporate responsibility for societal damage not being enforced adequately.[58]


https://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill

Recommendations

0 members have recommended this reply (displayed in chronological order):

Ooh, gonna be a busy day on Truth Social. tanyev 16 hrs ago #1
And those poor catsup bottles that are now, as we speak, MarineCombatEngineer 15 hrs ago #12
I'm hijacking that GIF! wolfie001 15 hrs ago #18
How many of them will have a "retirement" announcement before the end of the year? Bengus81 16 hrs ago #2
The SCOTUS has settled it!!---Trump LOST and IS a Sex Felon!! riversedge 16 hrs ago #3
He had a hand in Ivana's "fall" wolfie001 15 hrs ago #19
Donald lost homegirl 15 hrs ago #22
So, in other words... ShazzieB 13 hrs ago #31
LOL popsdenver 13 hrs ago #32
What I learned homegirl 12 hrs ago #40
Now that would be hysterical......... popsdenver 10 hrs ago #45
The internet tells me... druidity33 8 hrs ago #48
Thx Druid popsdenver 8 hrs ago #49
Didn't he have to put up the award in order to appeal? BonnieJW 10 hrs ago #44
Pay up, mf-ing rapist. Even your Supreme Court won't let you off this. (nt) muriel_volestrangler 16 hrs ago #4
According to Reuters, he'd had to put $5.55m in a federal court account to make his appeal muriel_volestrangler 16 hrs ago #5
Next will be homegirl 15 hrs ago #24
Ya damn skippy!!! PAY UP and STFU TRUMP!!!!!!!!! Bengus81 15 hrs ago #13
Supreme Court shuts down Trump's sexual abuse appeal (trump has to pay the $5 million E. Jean Carrol judgment) LetMyPeopleVote 16 hrs ago #6
Great news here. Now the question of the day is bluestarone 13 hrs ago #34
Stock tip: BUY FUTURES IN HEINZ COMPANY. 3Hotdogs 16 hrs ago #7
MF47 won't get over this Ponietz 16 hrs ago #8
All he has left with this case is an executive order... WestMichRad 16 hrs ago #9
The media should start referring to him as rapist Trump. SamuelAdams 15 hrs ago #10
So can she finally go after her money? Put liens on his assets, start selling some Bev54 15 hrs ago #11
Real total....$83 MILLION. How about a couple of years interest? Bengus81 15 hrs ago #14
The $83 million verdict is still pending review. onenote 15 hrs ago #16
This is the one they will probably take on and rule in is favor for. chowder66 15 hrs ago #20
Hope you're wrong too! bluestarone 13 hrs ago #35
There is an appeal bond up LetMyPeopleVote 15 hrs ago #23
And when he doesn't pay.....bench order for his fucking arrest! Bengus81 12 hrs ago #42
The bonding company will pay Carroll. LetMyPeopleVote 9 hrs ago #46
Love it! homegirl 12 hrs ago #41
Hooray! creeksneakers2 15 hrs ago #15
3 anti-tRUMP decisions in one day! wolfie001 15 hrs ago #17
He won on firing Rebecca Slaughter - TBF 15 hrs ago #21
Awwwww................ LilElf70 14 hrs ago #25
$5 million is just a drop in the bucket for him. llmart 14 hrs ago #28
John Roberts totally deserves this-- viva la 14 hrs ago #26
Trump didn't appoint Roberts. onenote 13 hrs ago #38
Yeah, but he owns him. viva la 8 hrs ago #47
Does anyone know who dissented? PlanetBev 14 hrs ago #27
This was a "shadow docket" case BumRushDaShow 14 hrs ago #29
Actually, it was not a "shadow docket" case. onenote 12 hrs ago #39
I lump those in with the "shadow docket" BumRushDaShow 7 hrs ago #50
Wait till he finds out he can't fire Supreme Court Justices. Talitha 13 hrs ago #30
Oh he'll try durablend 11 hrs ago #43
It's good to know the Supreme Court is still capable of doing the right thing once in a while. ShazzieB 13 hrs ago #33
I hope she is safe and protected purr-rat beauty 13 hrs ago #36
ding. this . AllaN01Bear 13 hrs ago #37
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