A U.S. court crackdown on punitive damages resulted in the second consecutive year of declines and reversals of earlier verdicts, a trend working in favor of companies like Ford Motor Co.
The Dearborn, Mich.-based automaker in the past five years has been hit with more than $392 million in punitive awards. Limits on such damages have given Ford victories in appeals of two decisions totaling more than $100 million and may help it in hundreds of other product-liability suits.
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