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ENR > Washington Observer > Legal: High Court Hears Exxon Valdez Oil-Spill Case - ENR | McGraw-Hill Construction
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| After hearing oral arguments on Feb. 27, the U.S. Supreme Court is expected to rule by early summer on ExxonMobil Corp.’s challenge to a $2.5-billion punitive-damages judgment after the 1989 Exxon Valdez oil spill. After the tanker hit a reef off Alaska’s coast, 11 million gallons of oil spilled into Prince William Sound. Since then, the company says it has spent $2.1 billion on environmental cleanup and $1.3 billion in fines, penalties and other expenses.
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