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Court throws out much of $1.6 billion leak case versus Exxon

2013-02-27 01:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Exxon Mobil Corp has won the reversal by Maryland's highest court of a $1 billion punitive damages award stemming from an underground leak at a gas station, and also won the reversal of portions of nearly $650 million of compensatory damages awards. The Maryland Court of Appeals said in a ruling on Tuesday Exxon's "shortcomings" in remediation efforts did not rise to the level of fraud, removing the basis for the punitive damages award. Some compensatory damages were reversed because the plaintiffs...

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