ArvinMeritor Loses Appeal Of $4.5M Asbestos Ruling
ArvinMeritor, now known as just Meritor, unsuccessfully argued that California law limits punitive damages to 10 percent of defendant's net worth, which in ArvinMeritor's case was about negative $1 billion, according to the ruling.
The court said the cases the defendant cited to back up that argument were unpersuasive. Moreover, there was undisputed...
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