The Calif. Supreme Court on Monday came up with a more precise definition of what it takes to get punitive damages from a company sued over the conduct of its employees. "The managing agent must be someone who exercises substantial discretionary authority over decisions that ultimately determine corporate policy," wrote Justice Ming Chin. The definition of "managing agent" will affect the potential for punitive damages in any type of tort claim against a corporation.
August 23, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The California Supreme Court on Monday came up with a more precise definition of what it takes to get punitive damages from a company sued over the conduct of its employees.
Almost 20 years ago, the Legislature said the actions of a company’s “managing agents” could expose a firm to punitive damages. But it wasn’t clear if that meant employees with the mere power to hire and fire — or top corporate officials who set company-wide policy.
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