
WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday threw out a record 2.5 billion dollars in punitive damages that Exxon Mobil Corp had been ordered to pay 1989 Exxon Valdez oil spill off Alaska, the worst of nation tanker oil spill.By 5-3 vote, the High Court held that the punitive award should be reduced to an amount equal to the whole question of compensation is $ 507,500,000.Court judges overturned a U.S. court of Appeals, which had obtained a record punitive damages to nearly 32,000 commercial fishermen, Alaska population, property owners and other harmful losses.When the majority opinion, Justice David Souter concluded 2500000000 dollars in punitive damages was excessive in federal maritime law, and should reduce the amount of actual damage.oil prices pushed Exxon Mobil previously expected profitability in recent years, the company posted earnings $ 40600000000 in 2007.Exxon Mobil took only two days for a total of € 2500000000 revenues in the first quarter of 2007.
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