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Exxon wins reversal of $1B gasoline leak punitive damages award, Bloomberg says

In a Maryland appeals court, Exxon Mobil (XOM) won the reversal of over $1B in punitive damages over a 2006 gasoline leak that Maryland residents claimed fouled their drinking water, reports Bloomberg. The court returned the case to a new trial in Baltimore County Circuit court in Towson, Maryland, for a new trial.