Bloomberg is reporting that a trial judge in Florida has reduced a $300 million verdict against Philip Morris to $38.9 million. The jury’s original award consisted of $56.6 million in compensatory damages and $244 in punitive damages. I haven’t yet seen any breakdown of the reduced award in terms of compensatory damages versus punitive damages.

Related posts:

Florida Judge Says $244M Punitive Damages Award Will Be Overturned