Chamber Heightens Fight Against Excessive Punitive Damages

April 28, 2004

  • April 28, 2004 at 5:03 am
    Matt Pickett says:
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    I agree with capping punitive damages at reasonable sums. But what about the companies that will just make the payments and then continue to wrong not only the plaintiffs but the consumer. Example, State Farm Insurance Company, on November 8, 1999, an article was in the business magazine titled: State Farm: What’s Happened to the Good Neighbor, read the article and the decide if you cap punitive damages, will the stop them from wrong doing the consumer or litigant? No, because the continue to do it anyway. If you would put a jail sentence as part of the settlement on the people who run these companies, know you have something that will stop them from wrongdoing anyone, but the way it is now, they will just pay, raise the prices of there product and continue to do what they want. There is no legal stop gap to stop the companies from wrong doing the consumer.



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