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Monday, August 1, 2011

South Carolina Punitive Damages Legislation Signed

Details here.  The law has a semi-flexible cap on punitive damages, with $500,000 or three times actual damages as the default, but with a safety valve provision to raise the cap to $2 million in certain situations.  Proponents argued that the legislation will increase businesses' desire to locate in the state.

--BC

http://lawprofessors.typepad.com/tortsprof/2011/08/south-carolina-punitive-damages-legislation-signed.html

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Comments

I posted a short comment on the bill yesterday here.

Posted by: Prof. Alberto Bernabe | Aug 1, 2011 7:17:23 AM

Oops! I just realized my comment was about a new law in NORTH Carolina, not South Carolina. My mistake; sorry!

Posted by: Prof. Alberto Bernabe | Aug 1, 2011 7:21:38 AM

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