Punitive Damages

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Dictionary Says

Definition of 'Punitive Damages'

Legal recompense that is levied as punishment for a wrong or offense committed by the payor. Punitive damages are awarded by a court of law in a lawsuit. They are often required in order to make up for a perceived shortfall in compensatory damages and are merely intended to indemnify the plaintiff.

Investopedia Says

Investopedia explains 'Punitive Damages'

Punitive damages are generally taxable to the recipient, while compensatory damages are not. Punitive damages are among the most difficult type of financial redress to acquire in court, as they generally require proof of substantial and intentional injuries on the part of the defendant.
Search results for

'Punitive Damages'

  • Protect Your Company From Employee Lawsuits

    http://www.investopedia.com/articles/pf/07/employer-liability.asp
    ... Of Mergers And Acquisitions and The Wacky World of M&As.) In case of punitive damages,
    many states rule out allowing insurers to compensate against them. ...

  • Filling The Gaps In General Liability Insurance

    http://www.investopedia.com/articles/financialcareers/08/liability-insurance.asp
    ... include claims arising from criminal, fraudulent or dishonest acts, bodily injury
    or property damage, employment-related claims and punitive damages. ...

  • Cover Your Company With Liability Insurance

    http://www.investopedia.com/articles/pf/08/CGL-insurance.asp
    ... In case of lawsuits, insurers provide coverage for compensatory and general damages;
    punitive damages are generally not covered under the policy, although they ...

  • Smoking Stocks Of 2009

    http://stocks.investopedia.com/stock-analysis/2009/Smoking-Stocks-Of-2009-MO-RAI-LO1229.aspx
    ... Philip Morris believes the punitive damages awarded were a violation of state
    law and, therefore, is seeking a review of the judgment. ...

  • Stock Scandals: Why Some Companies Survive

    http://www.investopedia.com/articles/stocks/10/scandal-stock-survival.asp
    ... As a result of its negligence, ExxonMobil was ordered by a federal court to pay
    $5 billion in punitive damages (which was reduced to $2.5 billion), and $287 ...

  • 10 Sources Of Nontaxable Income

    http://www.investopedia.com/articles/tax/10/nontaxable-invome-sources.asp
    ... Compensatory (but not punitive) damages for physical injury or physical sickness,
    compensation for the permanent loss or loss of use of a part or function of ...

  • The Good, The Bad And The Ugly Of Green Stocks

    http://stocks.investopedia.com/stock-analysis/2007/The_Good_The_Bad_And_The_Ugly_Of_Green_Stocks.aspx
    ... However, it is still the subject of many an environmentalist's wrath, as it continues
    to fight punitive damages it was ordered to pay for the Exxon Valdez ...

  • Get A Hold On Mishandled Accounts

    http://www.investopedia.com/articles/basics/08/mishandled-accounts.asp
    ... frames. Do not count on large settlements that include punitive damages,
    as such generous judgments are rarely rendered. Be prepared ...

  • Credit And Debt Management: Debt Collection And Bankruptcy ...

    http://www.investopedia.com/university/credit-debt-management/management6.asp
    ... Violations of the FDCPA can lead to lawsuits and punitive damages on the
    consumer's behalf. (Learn more about your rights when dealing ...

  • What happens to the fines collected by the Securities and Exchange ...

    http://www.investopedia.com/ask/answers/05/SECfines.asp
    ... Civil penalties are usually fines paid by defendants found liable for damages to
    the ... A civil money penalty is meant to be punitive, and its value will usually ...

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