P4-11 Required: [O]n September 24, 1996, the United States District Court for the District of Alaska entered a judgement

[answerhappygod]

P4-11
Required:
[O]n September 24, 1996, the United
States District Court for the District of Alaska entered a
judgement in the amount of $5.058 billion. The District Court
awarded approximately $19.6 million in compensatory damages to
plaintiffs. $38 million in pre-judgement interest on the
compensatory damages, and $5 billion in punitive damages…The
District Court stayed execution on the judgement pending
appeal…ExxonMobil appealed the judgement. On November 7, 2001, the
United States Court of Appeals for the Ninth Circuit vacated the
punitive damage award as being excessive under the Constitution and
remanded the case to the District Court for it to determine the
amount of the punitive damage award…On December 6, 2002, the
District Court reduced the punitive damages from $5 billion to $4
billion…