“It was pretty obvious to us that our verdict was either going to be thrown out or chopped down to a few million bucks at best.”įlextronics said in a statement that it had agreed to pay far more than appellate courts might have allowed in order to get the case out of the way and get on with business. Callahan, a lawyer for Fullerton-based Beckman Coulter, said, paraphrasing Bob Dylan. “You don’t have to be a weatherman to know which way the wind is blowing,” Daniel J. On Tuesday, a California appeals court slashed a $290-million verdict against Ford Motor Co. Supreme Court decision in April that is being interpreted by lower courts as limiting punitive damages to no more than nine times actual damages.
The settlement is the latest fallout from a U.S.
for $23 million, a far cry from the $934 million it was awarded by a jury. on Wednesday settled its fraud and breach-of-contract lawsuit against Flextronics International Ltd. Conceding that the days of massive punitive damage awards may be over, Beckman Coulter Inc.
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