California Gov. Arnold Schwarzenegger has shocked the legal community with a proposal that the state take 75 percent of all punitive damage awards -- much like the split-award system already used by eight other states. The governor's office estimates the proposal will raise $450 million, which would go into a trust fund to be used for "public good purposes." The governor also wants only one punitive damage award available for a given act.
California's Governor Wants State to Pocket Punitives
May 17, 2004
This article requires premium access
This article requires premium access to Law.com. Please sign in or subscribe to read the full text.