High Court Tosses Excessive AwardWashington
A United States Supreme Court decision overturning a $145million punitive damage award against State Farm will go a long waytoward reining in runaway legal judgments, tort reform and industryrepresentatives say.
“The Supreme Court recognized some time ago that punitivedamages had run wild in this country,” according to nationallyknown tort expert Victor Schwartz, who is general counsel for theWashington-based American Tort Reform Association.
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