Recently the Third Circuit Court of Appeals reduced an award of punitive damages by over two-thirds, holding that a 1:1 ratio between punitives and compensatory damages is the appropriate limit where the harm is purely economic and the compensatory dam ...

The Supreme Court has essentially brought the Exxon Valdez case to a close, more than 19 years after the supertanker ran aground, spilling millions of gallons of oil into Prince William Sound. The tanker’s captain, Joseph Hazlewood, had a history ...