This measure allowed us to determine if the colocation of an oil rig and a hurricane track modified the types of distance-based damage judgments reported in Ruginski et al. (2016).
If the state indemnifies them, has it calculated the likely cost in terms of treble damage judgments?
For example, in 2002, a West Virginia jury awarded a fifty-million-dollar damage judgment against a local coal company.
The plaintiffs' lawyers said the damages judgment was "unexceptional," and that the $2.5 billion punitive award "represents barely more than three weeks of Exxon's current net profits".
The earnings announcement made no mention of the $145 billion punitive-damages judgment against Philip Morris and other tobacco makers by a Florida jury last week.
While Duke can still appeal the $2 million punitive damage judgment, here's a chance to finance Mercer's scholarship fund for young female athletes.
It won a damage judgment of $5.8 million from the United States government in a special federal court, for lost timber and the cost of restoring the habitat.
Fishermen recount once again their complicated journeys from the spill to the payments they received just last year from a punitive damages judgment of about $500 million against Exxon in 1994.
"For a period of 50 years, these tobacco companies denied the dangers of their product," said Leighton A. Finegan, the foreman of a six-member jury here that punished the tobacco industry with a $144.8 billion punitive damage judgment, the largest damage award in history.
Despite the $145 billion Florida punitive damage judgment against the tobacco industry, investors are moving into the sector, lured by low price/earnings multiples and hefty dividend yields.
