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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2116 |
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Another three hours later, Coast Guards reported 138000 bbl of crude oil that had leaked from the vessel. Saturday, March 25, 1989, 9:45 p.m., Exxon Corporation assumed financial responsibility and cleanup coordination .
By April 1993, Exxon had already spent some $3.5b in legal and cleanup costs . In June 1994, a federal jury opened the company to an additional $16b in punitive damages ...
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In June 1994, a federal jury opened the company to an additional $16b in punitive damages . Exxon stock declined nearly 5% that week (June 13-17). Sept. 16, 1994, the Federal Jury awarded Exxon $5b in punitive damages . Exxon’s stock dropped from a 52-week high of 67 down to 60. By october 1994, Exxon had already spent in legal settlement and cleanup costs some $3...
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General points of the essay
Exxon Valdez: Valuation With Contingencies
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