Punitive Damages Reform: Damages Limits: SB 1496 (1995): N.J. Stat. Ann. § 2A:15‑5.14.
Limits the award of punitive damages to the greater of
Limits the award of punitive damages to the greater of five times the award of compensatory damages or $350,000. The reform does not apply to cases involving bias crimes, discrimination, AIDS testing disclosure, sexual abuse, and injuries caused by drunk drivers.
This op-ed was originally published by Agri-Pulse. Mass tort litigation has become a multi-billion-dollar industry for trial lawyers over the past several decades as they’ve targeted everything from tobacco and […]
SB 2-A to improve FL property insurance; addresses assignment of benefits, one way attorney fee shifting, third-party bad faith
Arbitrary, excessive punishments result from lack of clarity under some laws
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