Kamikuza said..stamp said...Kamikuza said..
"More than reasonable" is the bit that sticks in the craw. I agree with you on the rest...
i still think you're looking at this the wrong way. the money offered is not in any way attempting to put a price on a human life; a life is not quantifiable. nobody was trying to claim loss of life was worth a specific amount.
the school wasn't saying "here's 8 mil, that's what we think your son is worth". the money was to compensate the parents' claim for money they lost because of the impact of their son's death on their business & earning capacity. it turns out that $8mil was far more than reasonable given that the court decided $500k was accurate
Does Australia not do "damages"?
I am definitely not a lawyer, but isn't that what damages are? Where you can show a loss, whether it is real or calculated/anticipated?
In this case, it appears that they were saying that the damages were $300 million, because that's what they would have made if they had released this product, which they couldn't because of grief. The judge seems to have suggested their grief did not affect their work for as long as they contended, and that the $300M was probably a stretch.
Punitive damages? Aren't they used when you can show that someone was intentionally negligent?