A bill that would cap punitive damages in the South Carolina is now before the state Senate's Judiciary Committee, having won a thumbs-up from a judiciary subcommittee last week. The bill, H. 3375, named the Fairness in Civil Justice Act of 2011, passed the House of Representatives by a 100-to-11 vote on Feb. 10. It would limit punitive damages to $350,000 or three times the amount of the compensatory damages, whichever is greater. "We believe the fact that South Carolina doesn't have any caps when every other state around us does means that we're simply at a competitive disadvantage when other states are recruiting economic development head to head with us," said state Sen. Larry Martin (pictured).
Tagged with: General Assembly Legislature Punitive Damages Tort Reform
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