Law Practice
Sep. 24, 2009
Punishing Patterns Of Misconduct
William Shernoff and Joel Cohen of Shernoff Bidart Darras Echeverria discuss punitive damage calculations.
DAMAGES
By William Shernoff and Joel Cohen In TXO Production Corp. v. Alliance, the United States Supreme Court approved a punitive damage ratio of 526 to 1 for a pattern of misconduct. The jury found that TXO engaged in a fraudulent scheme to deny Alliance's title to property that contained valuable oil and gas rights. The jury awarded Alliance $19,000 in compensatory damages and $10 million in punitive damages. On certiorari to the...For only $95 a month (the price of 2 article purchases)
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