Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Looking To Lighten Punitive Damages


In Business This Week

LOOKING TO LIGHTEN PUNITIVE DAMAGES

HOUSE REPUBLICANS ARE COBbling together business-friendly tort-reform legislation scheduled for a vote the first week in March. Corporate America, which has fought for such a law without results for more than a decade, could have much to celebrate. GOP legislators plan to extend a limit on punitive damages--the greater of three times a victim's economic losses or $250,000--to almost all civil lawsuits as well as product-liability cases. In addition, drug companies and medical-device makers hope that the final legislation will prevent product-liability lawsuits against products approved by the Food & Drug Administration.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus