Punitive Damages – Disturbing News For Medical Device Companies
The award of punitive damages is a troubling and unpredictable part of the American judicial process. The term “punitive damages” refers to the award of monetary compensation to an injured party that goes beyond what is necessary to compensate the injured party for their actual loss (in other words, these are non-compensatory damages that are included to “punish” a party for their wrongful conduct and/or as a deterrent for future conduct).