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Punitive Damages in Financial Injury Jury Verdicts

Executive Summary

by Erik Moller, Nicholas M. Pace, Stephen J. Carroll

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This report is the executive summary of an Institute for Civil Justice analysis of trends and patterns in punitive damage awards in financial injury cases in selected jurisdictions during the period 1985 through 1994. The jurisdictions include all state trial courts of general jurisdiction in the states of California and New York; Cook County, Illinois (Chicago); the St. Louis, Missouri, metropolitan area; and Harris County, Texas (Houston). These data are supplemented by information obtained from the Administrative Office of the Alabama Courts for verdicts reached in that state's trial courts of general jurisdiction during the period 1992 to 1997. The study also estimates what percentage of the financial injury punitive awards in the database would have been affected by caps of various sizes and how the caps would have affected the total amount of punitive damages awarded in such cases.

Table of Contents

  • Preface

  • Acknowledgements

    Background

  • The Deterrent and Shadow Effects of Punitive Damages

  • The Data Used in This Study

  • Punitive Damage Awards in Financial Injury Verdicts in California, Cook County, Harris County, the St. Louis Metropolitan Area, and New York: 1985 to 1994

  • Variation in Financial Injury Punitive Damage Awards Between Major Types of Disputes

  • Variation in Punitive Awards Between Jurisdictions

  • Variation in Punitive Damage Awards over Time

  • More Detailed Analyses of Punitive Awards in Financial Injury Cases

  • Estimated Effect of Caps on Punitive Damage Awards

  • Punitive Damage Awards in Alabama: 1992 to 1997

  • References

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