Thursday, February 17, 2011
The South Carolina House of Representatives overwhelmingly voted to cap punitive damages at three times compensatory damages, with a maximum award of $350,000. The legislation also restricts the state attorney general's abillity to use outside counsel, and the fees allowed for such counsel. Similar legislation is expected to be picked up by the Senate shortly.
The bill is available here, and includes various exceptions to the punitives cap.