Punitive Damages in Financial Injury Cases

Punitive Damages in Financial Injury Cases PDF

Author: Orrin G. Hatch

Publisher:

Published: 2000-12

Total Pages: 111

ISBN-13: 9780756704773

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Hearing held by the Senate Committee on the Judiciary on the cost of punitive damage awards, which lately seem to be out of control. Witnesses: Stephen J. Carroll, senior economist, Rand Institute for Civil Justice, Santa Monica, CA; Thomas Campbell, a Representative in Congress from the State of California; Stephen Daniels, senior research fellow, American Bar Association, Chicago, IL; Theodore B. Olson, Gibson, Dunn & Crutcher, LLP, Washington, DC; & Senators Orrin G. Hatch & Richard J. Durbin. Charts & tables.

Punitive Damages in Financial Injury Jury Verdicts

Punitive Damages in Financial Injury Jury Verdicts PDF

Author: Erik Moller

Publisher: RAND Corporation

Published: 1997

Total Pages: 0

ISBN-13: 9780833025364

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This report provides the technical details of an Institute for Civil Justice analysis of trends and patterns in punitive damage awards in financial injury cases in selected jurisdictions during the period 1985 through 1994. The jurisdictions include all state trial courts of general jurisdiction in the states of California and New York; Cook County, Illinois (Chicago); the St. Louis, Missouri, metropolitan area; and Harris County, Texas (Houston). These data are supplemented by information obtained from the Administrative Office of the Alabama Courts for verdicts reached in that state's trial courts of general jurisdiction during the period 1992 to 1997. The study also estimates what percentage of the financial injury punitive awards in the database would have been affected by caps of various sizes and how the caps would have affected the total amount of punitive damages awarded in such cases.

Punitive Damages in Financial Injury Jury Verdicts

Punitive Damages in Financial Injury Jury Verdicts PDF

Author: Stephen J. Carroll

Publisher:

Published: 1997

Total Pages: 14

ISBN-13:

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This publication contains the written statement of Stephen Carroll delivered on June 24, 1997, to the Judiciary Committee of the United States Senate. The statement is based on a RAND Institute for Civil Justice study of punitive damages in financial injury cases. The author summarizes RAND estimates of the frequency and size of punitive damage awards in financial injury cases. He also presents estimates of what percentage of the financial injury punitive awards in the study's database would have been affected by caps of various sizes and how the caps would have affected the total amount of punitive damages awarded in such cases.

Punitive Damages in Financial Injury Jury Verdicts

Punitive Damages in Financial Injury Jury Verdicts PDF

Author: Erik Moller

Publisher: RAND Corporation

Published: 1997

Total Pages: 0

ISBN-13: 9780833025340

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This report provides the techincal details of an Institute for Civil Justice analysis of trends and patterns in punitive damage awards in financial injury cases in selected jurisdictions during the period 1985-1994.

Research Brief. Punitive Damage Awards in Financial Injury Verdicts

Research Brief. Punitive Damage Awards in Financial Injury Verdicts PDF

Author:

Publisher:

Published: 1997

Total Pages: 4

ISBN-13:

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Personal injury disputes--for example, those concerning asbestos or medical devices--have dominated the long-running debate over tort reform and punitive damages. However, prior ICJ studies established that almost half of all punitive damage awards were made in cases in which the damages were financial in nature, rather than personal. Moreover, these financial injury verdicts are far more likely to include an award of punitive damages. While punitive damages are awarded in less than 4 percent of all civil jury verdicts, there is a 1-in-7 chance of a punitive award in disputes arising from contractual or commercial relationships, including, for example, disputes stemming from insurance, or employment contracts or from unfair business practices.