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Supreme Court Slashes Punitive Award in Exxon Valdez Oil Spill by 80% WASHINGTON - The Supreme Court on Wednesday dashed the hopes of more than 32,000 fishermen and Alaska Natives who've been waiting for nearly 20 years to hear whether Exxon Mobil Corp. must pay billions in punitive damages for its role in the 1989 Exxon Valdez oil spill.

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Supreme Court Slashes Punitive Award in Exxon Valdez Oil Spill by 80%

WASHINGTON - The Supreme Court on Wednesday dashed the hopes of more than 32,000 fishermen and Alaska Natives who've been waiting for nearly 20 years to hear whether Exxon Mobil Corp. must pay billions in punitive damages for its role in the 1989 Exxon Valdez oil spill.