6th Circ. Nixes $10M In Damages V. New York Life

Law360, New York (March 12, 2009, 12:00 AM EDT) -- A federal appeals court has concluded that enough evidence linked New York Life Insurance Co.’s firing of a managing partner to age discrimination to warrant compensatory damages of $6 million, but not enough to justify punitive damages of $10 million.

The U.S. Court of Appeals for the Sixth Circuit on Thursday affirmed a lower court’s denial of New York Life’s bid for a new trial and its judgment awarding compensatory damages to the former managing partner, but vacated its punitive damages judgment and directed the court...
To view the full article, register now.