We’ve recently been discussing the elder abuse trial in California involving assisted living giant Emeritus where the family of a deceased resident has initiated a wrongful death lawsuit against the operator for its inferior care. After awarding $3.85 million in compensatory damages, the jury just handed over a separate punitive damage verdict of more than $23 million.
According to reports of the verdict in the Sacramento Bee, jurors were particularly distraught by the fact that the company had annual revenues of $1.57 billion, profits of $116 million and a stock market valuation of $1.34 billion– yet they paid no federal income taxes over the past three years.
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