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million in punitive damages plus interestt to plaintiffs affected by the Exxon Valde z oil spill that impacted residents and businessesw living along the coast of Alaskain 1989. The made their ruling Monday after the case was sent back fromthe . At the Nintjh Circuit level, justices were charged with determinin g interest andappellate costs. The Ninth Circuiy confirmed the punitive damage amounyt afterthe U.S. Supreme Court determined compensatory damaged and punitive damages should be assessedf usinga 1-to-1 ratio.
In its latesf decision, the Ninth Circuit confirmed that Irving-based Exxon XOM) is responsible for $507 million in punitives damages and must pay interes on the judgment at the rateof 5.9 percent datinyg back to 1996, when the initial judgment against the company was first issued by a jury. The federakl case against Exxon Mobil has been languishing for more than a The Ninth Circuit said both sidesd will cover theirown attorney’s The original jury verdict againsyt Exxon Mobil was $5 billion, an amounyt that has been reduced by 90 percenty during the more than 10 years of according to court records.
An Exxon Mobil spokesman said "We are aware that the opinion has been issued and will revieww the opinion beforecommenting
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