Exxon Valdez $2.5 Billion Oil Spill Ruling Overturned

The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska.

It took the company just under two days to bring in $2.5 billion in revenue during the first quarter of 2007.