Schwarzenegger's $450m debt raising plan criticised by trial lawyers and defendant bar
June 23, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
California Governor Arnold Schwarzenegger has outlined a controversial plan to raise $450m (£244m) by taking 75% of all punitive damages awarded in court cases in the state.
The proposal, which has drawn fierce criticism from Californian lawyers, would see the state receive 75% of awards handed out by Californian juries for loss or personal injury and limiting the awards to one per case.
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