Seventh Circuit Limits Punitive Damages to Total Compensatory Damages of $582,000

From Rochelle's Daily Wire:

As a matter of constitutional law, the Seventh Circuit reduced punitive damages from $3 million to $582,000 when the jury had awarded the debtor $582,000 in compensatory damages as a consequence of the mortgage servicer’s “reprehensible conduct” and its “obstinate refusal” to correct its mistakes. 

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This article was submitted by Dustin DeNeal, Faegre Baker Daniels LLP. If you would like to submit content or write an article for the Commercial & Bankruptcy Law Section, please email Kara Sikorski at ksikorski@indybar.org.