SB 585 – Modifies the calculation of the limitation for punitive damages

• Sponsor: Dixon
• LR Number: 4475S.01I
• Committee: Judiciary and Civil and Criminal Jurisprudence
• Last Action: 3/26/2014 - Motion to vote bill do pass failed S Judiciary and Civil and Criminal Jurisprudence Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 585 - Currently, punitive damages cannot exceed the greater of five hundred thousand dollars or five times the net amount of the judgment awarded to the plaintiff. This act modifies the language to provide that punitive damages cannot exceed the greater of five hundred thousand dollars or five times the net amount of the compensatory damages awarded to the plaintiff.

This act is identical to HB 1482 (2014).

JESSICA BAKER