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1995 SESSION

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HB 2498 Punitive damages; limitation.

Introduced by: Bernard S. Cohen | all patrons    ...    notes | add to my profiles

SUMMARY:

Punitive damages. Provides that the total amount of punitive damages collectible from an individual defendant not exceed the greater of $350,000 or five percent of the defendant's net worth. Establishes eight factors to be considered by the trier of fact in determining amount of damages. Repeals § 8.01-38.1 which places the cap at $350,000 total for all defendants.

FULL TEXT

• 01/23/95  House: Presented & ordered printed LD5962156  pdf

HISTORY

• 01/23/95  House: Presented & ordered printed LD5962156
• 01/23/95  House: Referred to Committee for Courts of Justice
• 01/27/95  House: Assigned to C. J. sub-committee: 3/4
• 02/08/95  House: No action taken by Courts of Justice by voice vote