USA Society ![]() |
Reply to Thread New Thread |
|
![]() |
#1 |
|
http://news.yahoo.com/owner-car-deal...004302989.html
My question is how do they decide the amount to award for damages? Is that how much in sales the dealership was cost? Surely he couldn't have lost out on that much in sales. I wonder in a lot of cases like this. What determines the amount of damages awarded? Why so stinking much? |
![]() |
![]() |
#2 |
|
http://news.yahoo.com/owner-car-deal...004302989.html |
![]() |
![]() |
#3 |
|
http://news.yahoo.com/owner-car-deal...004302989.html The other 5 million is for punitive damages...that is an additional award designed to punish the defendent for his conduct, and is based more on how much the defendent has rather than how much the damage was done. It's sort of like a fine, but gets paid to the plaintiff. |
![]() |
![]() |
#4 |
|
|
![]() |
![]() |
#5 |
|
According to the article, there is 2.5 million in compensatory damages...this would be the amount of actual damage to the plaintiff. |
![]() |
![]() |
#6 |
|
Damn! 2.5 mil is a lot of sales! Basing it on how much the defendent has makes sense but GD that's a hefty fine! I guess they probably won't do that again. |
![]() |
![]() |
#7 |
|
Is it? Doesn't sound like a lot to me...but, I'm not in the car dealership business. He could have had some value assigned to loss of reputation, too...past and future busness loss. Of course some of it would be an estimated WAG. |
![]() |
![]() |
#11 |
|
http://news.yahoo.com/owner-car-deal...004302989.html |
![]() |
Reply to Thread New Thread |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|