For Exxon, delay saves big bucks in Valdez spill

Nearly two decades after the Exxon Valdez ran around on Bligh Reef in Prince William Sound, the U.S. Supreme Court has taught Exxon (now ExxonMobil) and corporations everywhere a lesson: Don't pay off legal judgments. Stall, stall, stall for 19 years. Courts have held that Exxon must pay $2.5 billion in punitive damages for spilling…

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