1. World problems
  2. Excessive award of punitive damages

Excessive award of punitive damages

Incidence

In 1994, a federal jury in Alaska, USA awarded punitive damages against Exxon of $5 billion for the spectacular oil spill in Alaska's Prince William Sound in 1989. This is in addition to payment of $286 million in compensatory damages to 10,000 fishermen, of $2.9 billion on environmental cleanup, and $1 billion in settlements of various federal and state claims.

Claim

Punitive damages need stern legislative review. The quest for punitive damages has become a trial lawyers' blood sport presenting tempting opportunities to raid someone else's purse.

Broader

Strategy

Value

Excess
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Damage
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SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
Content quality
Yet to rate
 Yet to rate
Language
English
Last update
Nov 29, 2022