Do punitive damages usually provide the most monetary award?
Although there is no maximum sum, punitive damages typically do not exceed four times the amount of compensatory damages. For example, if a plaintiff recovers $100,000 in compensatory damages and is awarded punitive damages, they most likely will receive up to $400,000 in punitive damages.
What is the most money awarded in a lawsuit?
A jury in Los Angeles awarded $4.9 billion to a family who filed a lawsuit against General Motors after six passengers suffered permanent, disfiguring injuries whentheirGM van exploded in an automobile collision. The jury ordered GM to pay $107.6 million in compensatory damages and $4.8 billion in punitive damages.
[PDF] Chapter 1D Punitive Damages § 1D-1 Purpose of punitive
Chapter 1D Punitive Damages § 1D-1 Purpose of punitive www ncleg net/EnactedLegislation/Statutes/PDF/ByChapter/Chapter_1D pdf Punitive damages may be awarded in an appropriate case and subject to the provisions of this Chapter to punish a defendant for egregiously wrongful acts and
[PDF] Punitive Damages—Setting an Example
Punitive Damages—Setting an Example austinstanovich com/ pdf /Articles/Punitive-Damages-Setting-an-Example-IRMI-Final-June-2012 pdf Punitive Damages—Setting an Example June 2012 The Insurance Services Office Inc commercial general liability (CGL) policy will not pay punitive damages
[PDF] Punitive Damages: Background paper 89-1 - Nevada Legislature
Punitive Damages: Background paper 89-1 - Nevada Legislature www leg state nv us/Division/Research/Publications/Bkground/BP89-01 pdf Although the jury awarded $125 million in punitive damages the court reduced the award to $3 5 million Another example of a products liability case is Palmer
[PDF] Punitive damages - WTW
Punitive damages - WTW www wtwco com/-/media/WTW/Insights/2021/11/punitive-damages modified=20211111165953 11 nov 2021 a punitive damage award is warranted For example Illinois law allows for punitive damages in cases where the defendant
[PDF] Punitive Damages: How Much Is Enough?
Punitive Damages: How Much Is Enough? www cpmlegal com/pp/publication-Punitive_Damages_How_Much_Is_Enough pdf American courts emphasized the punishment purpose of punitive damages For example in Hawk v Ridgway (1864) 33 Ill 473 476 the court stated
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