Business Services Industry
Case not changing awards. ('BMW of North America Inc vs. Gore' Supreme Court case)
Business Insurance, October, 1998 by Szalai, Georg
Law professor sees 'no evidence' of larger punitive verdicts Contrary to popular belief, the landmark Supreme Court decision in BMW of North America Inc. vs. Gore has had no real effect on the correlation between compensatory and punitive damages awards or the frequency of court orders reducing such awards, a recent study says.
"It may take a while for it to take effect and trickle down, but right now, there is no evidence" for any significant influence by BMW, said Theodore Eisenberg, the Henry Allen Mark Professor of Law at Cornell Law School and co-author of the study of published court opinions. The 1996 BMW decision by the Supreme Court was the first to strike down a punitive award on constitutional grounds (BI, May 27, 1996). In that case, Dr. Ira Gore Jr.,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
