Both sides predict that a $581 million jury verdict against a finance unit of Whirlpool Corp. will never survive post-trial motions or the appellate process intact.
A Greensboro, Ala., jury on May 7 ordered Whirlpool Financial National Bank and Gulf Coast Electronics to pay $580 million in punitive damages and $975,000 in compensatory damages to three plaintiffs, who had charged the defendants with consumer fraud in the sale and financing of two television satellite dishes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]