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[…] the Wall Street Journal just how feeble courts are at reining in excessive punitive damages awards, contrary to what you may have read about the Exxon Valdez case.  Thus, state tort reform laws limiting punitive damages remain necessary to restrain the whims […]

[…] because punitive damages were to be limited to intentional or particularly reprehensible conduct. As I feared a few months ago, the 1-to-1 ratio “ceiling” the Supreme Court suggested in Exxon Shipping v. Baker has […]