Update: $23 Million In Punitive Damages Awarded To Family In Elder Abuse Case

Punitive Damages Awarded To FamilyWe’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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