Saturday, April 14, 2012

Comparative Case Valuation: Tobacco Edition

BNA Class Action Litigation Reporter has an article about Engle's progeny and how the Florida courts are dealing with the variation in jury verdicts in those cases.  Here the link - behind a pay wall unfortunately.

In sum and substance, the Florida Supreme Court permitted an issue class action regarding the conduct of the tobacco companies to stand and ruled that the results have preclusive effect in subsequent cases.  Now the Individual cases are being litigated.  There are many plaintiffs verdicts.  BNA describes that there have been 50 judgments and compensatory damages were awarded in 35 cases.  Of those, in  at least 10 the jury awarded more than $7 million.  Not all have survived on appeal. 

I am interested in this suit because I think issue class actions are the cutting edge of class litigation and because there is potential here to use statistical methods to come up with a solution that is better than spending many millions litigating every case to judgement and appealing it.

  Here is the list of verdicts above $7 million:

$8 million compensatory and $71.2 million punitive damages (vacated on appeal) - Webb  (No. 1D10-6557, 4/9/12) 

$ 8 million compensatory - Tate (No. 2007–CA-021723 (17th Cir. Broward County))

$7.8 million compensatory - Campbell (No. 2008 CA 2147 (1st Cir. Escambia County)) (upheld on appeal).

$10 million compensatory - Cohen (No. 2007–11515 (17th Cir. Broward County)).

$7 million compensatory - Grey (No. 2007–CA-002773 (1st Cir. Escambia County)) (upheld on appeal)

$56.59 million compensatory - Naugle (No. 07–036736CA (17th Cir. Broward County)).

$15 million compensatory - Putney (No. 2007–CV-36668 (17th Cir. Broward County)).

$10.8 million compensatory - Townsend (No. 01–2008–CA-003978 (8th Cir. Alachua County)) (upheld on appeal) (40 million punitive damages award struck down). 

$20 million compensatory - Alexander (No. 07–46830–CA-10–4 (11th Cir. Miami-Dade Co.)) (on appeal)

$10 million compensatory and $20 million punitives - Smith (No. 09-719-CA (14 Cir. Jackson County) (on appeal)

Readers who know of others, or have a list of all the verdicts, please let us know.  ADL

 

 

 

 

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