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2008 June 25 — Proof7 NYC
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The Fix Is In

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.

Although it took the company just under two days to bring in $2.5 billion in revenue during the first quarter of 2007 - the damages were reduced to 507.5 million.

June 25, 2008   No Comments

Bye Bye

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Jacob the Jeweler was sentenced yesterday to 2 1/2 years in federal prison for lying to investigators looking into multistate drug ring. Jacob Arabov, pleaded guilty in October to falsifying records and giving false statements as part of a deal with federal prosecutors, who asked Judge Avern Cohn to impose a minimum sentence of three years and one month.

June 25, 2008   No Comments