Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

Exxon Mobil steals a win

Filed in archive litigation by leon on June 26, 2008

valdez.jpg


The business-friendly US Supreme Court has once shown that persistence pays off. Especially when it's coming from the big end of town.

The Supremes have cut the 1994 $5 billion punitive damages bill against Exxon Mobil over the exxon valdezlinks oil spill to just $500 million. That's a drop in the ocean, the equivalent of a few days earnings for a company that generated a profit of over $40 billion

Exxon Mobil has shown that if you throw enough money into litigating, you can win anything. The company had filed more than 60 petitions and appeals, sought 23 time extensions and filed more than 1,000 motions, briefs, requests and demands.






Permalink: Exxon Mobil steals a win
Tags: Exxon  Mobil  Exxon  Valdez  Supreme  Court  exxon  exxon+mobil 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/127321



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use our search feature to look for other interesting posts

Just this blog Whole network


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy