Business Jury Awards Should Be More Just
It was the stuff of every company's nightmare. On Feb. 4, an Atlanta jury awarded $105.2 million in damages against General Motors Corp. Of that huge sum, $4.2 million was to compensate the parents of a teenage boy who died when his GMC pickup burst into flames in a collision. The remaining $101 million was in punitive damages. While the jury found that GM deserved to be punished, the verdict is a stunning reminder that the courts and lawmakers have not gone far enough in controlling the awards.
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