Posted on November 2, 2007 by Ivan B. Cooper

More on ExxonMobil v. State

As we reported yesterday, the Alabama Supreme Court issued its opinion in Exxon Mobil Corp. v. Alabama Department of Conservation and Natural Resources, Ms. 1031167 (Ala. Nov. 1, 2007), in which the Court struck the $3.5 billion punitive damage award in its entirety, and reduced the breach of contract award by approximately $11.8 million. 

Follow the links for articles on this opinion...

"Exxon Wins $3.5 Billion Appeal in Alabama Fees Case" - Bloomberg

"$3.6 billion ruling rejected" - Birmingham News

"Ala. Court Cuts $3.6B Verdict Vs. Exxon" - AP

 

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West Virginia Business Litigation - November 4, 2007 5:03 AM
The Alabama Appellate Watch blog, which is published by Lightfoot Franklin & White, LLC, reports that earlier this week, the Supreme Court of Alabama reversed a $3.5 billion punitive verdict rendered against ExxonMobil Corporation in 2003. Lightfo...
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