24 Sep 2015, 07:02 (Ref:3576566)
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#14
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Veteran
Join Date: Jun 2009
Posts: 8,088
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Have to wonder how the damage done by VW compares to Mobil's efforts with the Exxon Valdez and its result:
"Exxon appealed again. On May 23, 2007, the 9th Circuit Court of Appeals denied ExxonMobil's request for a third hearing and let stand its ruling that Exxon owes $2.5 billion in punitive damages. Exxon then appealed to the Supreme Court, which agreed to hear the case........ In a decision issued June 25, 2008, Justice David Souter issued the judgment of the court, vacating the $2.5 billion award and remanding the case back to a lower court, finding that the damages were excessive with respect to maritime common law[/COLOR][/URL]. Exxon's actions were deemed "worse than negligent but less than maliciousThe punitive damages were further reduced to an amount of $507.5 million
[/B].
https://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill
OR
Montara oil rig DISASTER!
"In 2012, PTTEP Australasia pleaded guilty to charges under the Offshore Petroleum and Greenhouse Gas Storage Act and was fined $510,000"
https://en.wikipedia.org/wiki/Montara_oil_spill
Last edited by wnut; 24 Sep 2015 at 07:08.
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