Exxon Wins Reversal of Gas-Leak Punitive Damages Award
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Exxon Mobil Corp. won the reversal of more than $1 billion in punitive damages over a 2006 gasoline leak that Maryland residents claimed fouled their drinking water.
A Maryland appeals court yesterday reversed the punitive damages and returned the case to a new trial in Baltimore County Circuit court in Towson, Maryland, for a new trial. Irving, Texas-based Exxon Mobil had argued that the award, handed down in 2011 to 160 homeowners and businesses as part of a $1.5 billion jury verdict, was excessive.