Volume 86 Issue 43 | pp. 25-27
Issue Date: October 27, 2008

Limiting Damages

Industry fights to curb large punitive awards
Department: Government & Policy

THIS SUMMER, the Supreme Court threw out a $2.5 billion punitive damage award over the Exxon Valdez disaster 19 years ago, the largest judgment of its kind in U.S. history. The decision is raising hope among chemical manufacturers and other businesses that state courts will be less likely to allow eye-popping judgments against corporations in future liability lawsuits.

"We've been interested in this issue for a long time. Our members have a deep concern about . . .

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