I’d like to point you toward a story that ran in the July issue of D CEO and hit dmagazine.com late last week. It is Tom Korosec’s column about giant jury awards in civil cases and why they’re generally more bark than bite.
Korosec lays out the circumstances of a couple medical-related jury awards that landed here in Dallas—the $73 million awarded to a woman who sued Boston Scientific Corp. and the $502 million awarded to a group of patients who sued Johnson & Johnson. Because of a Texas law, those awards are ultimately slashed to much more manageable payouts, and Korosec’s piece gives some nice background about just why that business-friendly law exists and when it came to be. His column can be found here.