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| | ATRA :: Punitive Damages Reform |
 | | Despite evidence of punitive damages awards on the rise, opponents of punitive damages reform have argued that changes in the law are not needed, because headlinegrabbing awards are often reduced on appeal. |
 | | Limits punitive damages to $500,000 or three times compensatory damages, whichever is greater, unless the defendant's action is motivated by financial gain in which case punitive damages are limited to $7,000,000, four times compensatory damages, or four times the aggregate amount of financial gain, whichever is greatest. |
 | | Limits punitive damages to three times compensatory damages or $500,000, whichever is greater; the limit is increased to four times compensatory damages or $2,000,000, whichever is greater, if the defendant’s wrongful conduct was motivated by unreasonable financial gain or the likelihood of injury was known. |
| www.atra.org /show/7343 (2364 words) |
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