Last week, the U.S. Supreme Court ruled on the Exxon Valdez case in which it limited the punitive damage to equal the actual damage for $507.5 million. The court reversed the 9th Circuit Court’s ruling that the $2.5 billion in punitive damage award, roughly 5 times the actual damages, holding that the punitive damage award […]
Entries from July 2008
Punitive Damages - Does it intend to punish the wrong-doer anymore?
July 1st, 2008 · No Comments
Tags: Real Estate · Business & Corporate Law · General Discussion · The Smith & Garg Family