According to news reports here, here, here and here, a Utah jury has awarded plaintiff $3,606,214 in compensatory damages and $60 million in punitive damages against American National Insurance Company. American National plans to appeal, and seems to have a very strong ratio argument especially given the rather substantial compensatory award.
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Utah Jury Awards Punitive Damages of 16 Times the Substantial Compensatory Award
August 14, 2008
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