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Punitives Take Hit in 'Exxon' Ruling, but How Hard?
Whether the U.S. Supreme Court's decision last week in reflects a new approach by the justices that could lead to additional and stricter limits on punitive damages awards outside the context of maritime law will have to await the next constitutional due process challenge that arrives at the high court. But it is clear that the ruling will now become part of the arsenal for major corporate defense firms that bring challenges to these damages awards.