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In 1989 the tanker Exxon Valdez ran aground in Prince William Sound, releasing 11 million gallons of oil into the water in the worst oil spill in U.S. history and severely damaging the ecosystem. A jury in 1994 found Exxon Corp. (now ExxonMobil) and the ship's captain negligent, but the amount of punitive damages ($507.5 million) to be paid to some 33,000 commercial fishermen and other plaintiffs was ultimately fixed by a Supreme Court decision in 2008, which severely reduced the original award ($2.5 billion).
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