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Excessive awards ruling seen as positive for small biz: state chamber agrees while national trial lawyers oppose Supreme Court decision. (Law).

Publication: San Diego Business Journal
Publication Date: 28-APR-03
Format: Online - approximately 564 words
Delivery: Immediate Online Access

Article Excerpt
Many believe the U.S. Supreme Court handed the business community a major victory over excessive punitive damage awards when the high court overturned a $145 million award against State Farm.

In a 6-3 decision April 7, the Supreme Court found the award -- 145 times bigger than compensatory damages awarded -- excessive and said it violates the U.S. Constitution.

The justices heard the State Farm case after the Bloomington, Ill.-based insurance company lost a Utah lawsuit in which a customer, Curtis Campbell, alleged...

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