Verdicts: The Big Numbers of 1996
Article Abstract:
All of the top 1996 verdicts were for more than $200 mil, and 8 verdicts of $100 mil were not included in the top 10. In first place was a $22 bil verdict in a conversion case against former Philippine ruler Ferdinand Marcos by a man who claimed Marcos took from him a cache of World War II gold. Trial court reductions or reversals happened fast in 1996, however, and it is still too early to gauge the effect of BMW of North America v. Gore, although several courts cited the ruling in 1996 decisions to reduce trial verdicts. Verdicts for crime victims increased in 1996, as did legal malpractice verdicts. Business-related disputes continued to account for the largest share of awards.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1997
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The big numbers of 1997; verdicts
Article Abstract:
The National Law Journal's survey of the largest 1997 jury verdicts found a decline in the number of very large jury verdicts from the year before. This decline appeared across the board, with some areas reflecting somewhat steeper drops and the decline in business disputes the greatest. Verdicts against employers as well as awards to the elderly and their estates were an exception to the trend of decline. Later reductions of large verdicts were common, with punitive damages most likely to be reduced. Most of the verdicts section is organized by subject.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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