The article reports on a June 25, 2008 ruling which was issued by the U.S. Supreme Court in reference to the Exxon Valdez oil spill of 1989, which caused 11 million gallons of crude oil to spill into Prince Edward Sound in Alaska. The ruling capped the total damages that can be assessed to Exxon at $507 million, which is a fraction of the $5 billion a jury in 1994 awarded to the plaintiffs in the Valdez legal case.
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