Monday, September 26, 2022
Spectrum Stabbing Damages Reduced to $1.15 Billion
In late June, a Texas jury found Spectrum liable in the death of one of its customers. The company employed an internet installer who robbed and stabbed an 83-year-old woman to death. The jury found the murderer was 10% responsible and Spectrum was 90% responsible. The jury awarded $375 million in compensatory damages; Spectrum's share was $337.5 million. In late July, in a second phase of trial, the jury awarded the family $7 billion in punitive damages. Earlier coverage is here.
As anticipated, the $7 billion punitive damages award has been reduced by the trial judge. The plaintiffs' attorneys actually requested the reduction to protect the verdict on appeal. They requested a ratio of 2:1 and received it. The total award is now $1.15 billion. Spectrum states it will appeal. Dave Simpson at Law360 has the story (behind a paywall; it is also available on Lexis).