Slashing a $6.25 million punitive damages award down to $2 million, the 3rd U.S. Circuit Court of Appeals has ruled that in most cases where the plaintiff wins a “substantial” compensatory award and the damages were purely economic, a 1-1 ratio should apply.
The Dec. 24 ruling in Jurinko v. Medical Protective Co. is the clearest sign to date that large punitive damages awards face an increasingly hostile audience on appeal because of a string of decisions from the U.S. Supreme Court that culminated in this year’s decision in Exxon Shipping Co. v. Baker.
This content has been archived.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]