“Too Anti-Business for New York”: ATRA Calls on Illinois Gov. Pritzker to Veto SB 328
Experts say bill would allow out-of-state lawsuits in Illinois courts, threaten 208,000 jobs, and spark constitutional challenge
Dziadek v. Charter Oak Fire Insurance Company
(8th Cir., Filed Feb. 21, 2017): Arguing that above-market prejudgment interest should not be included in the denominator when calculating the ratio of punitive to compensatory damages. Above-market prejudgment interest overstates the actual harm suffered by the plaintiff and already serves a punitive function. If the Court concludes that some amount of prejudgment interest should be included in the denominator of the ratio, it should use a market rate for determining the amount and add the balance of the prejudgment interest- the effect of which is entirely punitive-to the numerator.
On August 15, 2017, the court ruled against ATRA’s position and affirmed the award of punitive damages.
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