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Article: Supreme Court Decision Does Not Alter $50 Million Punitive Damages Award.
- Article from:
- Mondaq Business Briefing
- Article date:
- December 2, 2003
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The U.S. Court of Appeals for the Federal Circuit has affirmed its 2001 decision that approved a $50 million punitive damages award against DeKalb Genetics Corporation. The Federal Circuit previously affirmed a verdict that DeKalb fraudulently induced Rhone-Poulenc Agro, S.A. (RPA) to enter into a 1994 license agreement relating to an optimized transit peptide (OTP) genetic material useful in growing herbicide-resistant corn plants. Now, on remand from the Supreme Court to reconsider the reward in light of the Court's latest pronouncements regarding due process constraints on punitive damages awards, the Federal Circuit found DeKalb's conduct was sufficiently reprehensible ...