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: Bodily Injury BlogAppeals Court Deals Blow to Punitive Damages
By Edward Bills
In a decision that does not bode well for plaintiffs, a federal appeals court has ruled that a 1-1 ratio of compensatory to punitive damages should apply in cases of substantial purely economic damages. The 3rd Circuit Court of Appeals ruling in Jurinko v. Medical Protective Co. slashes $6.25 million in punitive damages to $2 million. The holding is the most recent in support of limiting punitive damages since the Supreme Court?s decision in Exxon Shipping v. Baker.
Full post as published by Bodily Injury Blog on December 30, 2008 (boomark / email).
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