Montana House Votes to Cap Punitive Damages Awards
The Montana House has given initial approval to a measure that would reduce the amount a court can award in punitive damages.
The cap on those awards meant to punish a company or individual for fraud or malice is now the lesser of $10 million or 3 percent of the defendant’s net worth.
Representatives last week voted 60-40 to add to the cap that punitive damages can’t be more than three times what a plaintiff receives in actual, or compensatory, damages.
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