Friday, July 07, 2006
$145 billion tobacco suit reversed
The Florida Supreme Court overturned an unprecedented $145 billion class-action punitive damages award against tobacco companies Thursday but upheld many of the jury's factual findings, leaving the door open for plaintiffs to sue again."We unanimously conclude that the punitive damages award is excessive as a matter of law," the court concluded in its 79-page opinion. [read more]
