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.
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