High-tech lawyers and their clients were relieved in February 2005 when the California Supreme Court took up a controversial case in which Genentech Inc. had been hit with a $500 million jury verdict-$200 million of it in punitive damages.
The appellate ruling had stunned Silicon Valley and the rest of the business world by upholding punitive damages for a breach of contract. Fearing a chill on innovation, business leaders prayed for quick action.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
