How Developers Can Avoid Punitive Damages Liability
January 31, 2014, 12:49 PM EST
Law360, New York (January 31, 2014, 12:49 PM EST) -- Defendants often consider demands for punitive damages to be a scare tactic or posturing by plaintiffs — until the case proceeds to trial and the issue is presented to a jury. The unpredictable nature of a jury and potentially large amount of punitive damages can be devastating to a business. What can one do to protect itself?
A case recently decided by the New York Court of Appeals helped answer that question, at least for a real estate developer.
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.