Indiana Statutes
§ 34-51-3-5 — Reduction of excessive damage award
If a trier of fact awards punitive damages that exceed the limitation under section 4 of this chapter, the court shall reduce the punitive damage award to not more than the greater of:
(1)three (3) times the amount of compensatory damages awarded
in the action; or
(2)fifty thousand dollars ($50,000).
[Pre-1998 Recodification Citation: 34-4-34-5.]
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Related
Owens Corning Fiberglass Corp. v. Cobb
754 N.E.2d 905 (Indiana Supreme Court, 2001)
Cheatham v. Pohle
789 N.E.2d 467 (Indiana Supreme Court, 2003)
Davidson v. Bailey
826 N.E.2d 80 (Indiana Court of Appeals, 2005)
State of Indiana v. John Doe
987 N.E.2d 1066 (Indiana Supreme Court, 2013)
Owens Corning v. Cobb
(Indiana Supreme Court, 2001)
Legislative History
As added by P.L.1-1998, SEC.47.
Nearby Sections
15
§ 34-10-1-2
Assignment of attorney§ 34-10-1-3
Filing of claim by an offender with three prior actions dismissed as
frivolous; exception§ 34-10-2-1
Application of chapter§ 34-10-2-2
Annulment of order§ 34-11-2-1
Employment related actions§ 34-11-2-10
Enforcement of child support obligations§ 34-11-2-10.5
Employment related action by volunteer firefighter or member of
volunteer emergency medical services association§ 34-11-2-11
Written contract actions§ 34-11-2-11.5
Recovery of certain costs§ 34-11-2-13
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