November 14, 2003
A Montgomery jury orders Exxon Mobil to pay $11.9 billion in fines and damages to the state of Alabama in a dispute over natural gas royalties. The jury found the oil giant guilty of fraud, and levied an $11.8 billion punitive fine in addition to $60 million in damages. An appeal is expected.
The court cut the judgement to less than $4,000,000,000; kingpin gets off cheap.
BP is a major threat; what court is going to cut their payout to America?
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