According to the CNNMoney.com “[T]he punitive damages award should be brought into line with compensatory damages calculations made by lower courts earlier in the litigation.” Therefore, the award was reduced to $507.5 Million to reflect previous compensatory damages calculations.

On the Net: EXXON SHIPPING CO. v. BAKER: Supreme Court did not apply a constitutional standard in Exxon Shipping Co. v. Baker
On the Net: ENVIRONMENTAL LAW: A rough guide to understanding the damages awarded and reduced in the Exxon Valdez case