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The Changing Landscape of Blockbuster Punitive Damages Awards / Alison F. Del Rossi, W. Kip Viscusi.
- Format:
- Book
- Author/Creator:
- Del Rossi, Alison F.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w15571.
- NBER working paper series no. w15571
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2009.
- Summary:
- This article investigates the determinants of the blockbuster punitive damages awards of at least $100 million. As of the end of 2008, there had been 100 such awards with an average value of $3.0 billion. The U.S. Supreme Court decision in State Farm v. Campbell suggested a single digit upper bound on the punitive damages/compensatory damages ratio, which reduced the annual number of blockbuster awards, the total annual value of blockbuster awards, and the punitive damages/compensatory damages ratio. Applying the 1:1 ratio from Exxon Shipping Co. et al. v. Baker et al. broadly would eliminate most of the blockbuster awards.
- Notes:
- Print version record
- December 2009.
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