ALBANY — In a ruling with multi-million dollar consequences for tort claims involving catastrophic injuries, the Court of Appeals yesterday resolved two key structured judgment issues in favor of plaintiffs.
Under CPLR 50-A and 50-B, which require that future damages exceeding $250,000 be paid in periodic installments, the Court held that annuity payments for future damages must be based on their full future value rather than on an amount discounted to present value.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]