Business Services Industry
Punitive award vacated; Supreme Court orders review of scale of award.(News)
Business Insurance, May, 2003
Byline: MARK A. HOFMANN WASHINGTON-The Supreme Court's order last week vacating a large punitive damage award in a California product liability case demonstrates that the justices are serious about reining in "excessive'' punitive damages in cases of all kinds, say tort reform advocates. The case-Ford Motor Co.
vs. Juan Ramon Romo-involved a 1993 fatal accident that killed three members of a family. The plaintiffs alleged that the Ford Bronco involved was defective, and in 1999 a Stanislaus County, Calif., court awarded the plaintiffs slightly less than $5 million in compensatory damages but added another $290 million in punitive damages. Ford appealed, but the Court of Appeals of California, Fifth Appellate Division, held in June 2002, that the punitive...
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"
- 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
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders


