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There is no set formula for the calculation of punitive damages. The amount of punitive damages that are awarded will depend on the specific facts of the defendant's conduct. The court must ensure that defendants who deserve to be punished for their behavior do not receive punishment that is excessive.
Generally the courts have held that the acts of a defendant for which the plaintiff is awarded punitive or exemplary damages must be characterized by being wanton, wilful, reckless, or malicious.
(3) An award for punitive damages may not exceed $10 million or 3% of a defendant's net worth, whichever is less. This subsection does not limit punitive damages that may be awarded in class action lawsuits. History: En. Sec.
You must present clear and convincing evidence that not only were the defendant's actions malicious or egregiously fraudulent, but also that the jury should award punitive damages based on these actions.
Punitive damages are special damages that are intended to punish the wrongdoer and prevent similar conduct in the future. Ohio caps the amount of punitive damages that a plaintiff can recover to twice the value of compensatory damages, up to a maximum of $350,000.
Punitive damages are special damages that are intended to punish the wrongdoer and prevent similar conduct in the future. Ohio caps the amount of punitive damages that a plaintiff can recover to twice the value of compensatory damages, up to a maximum of $350,000.
Ohio's Caps On Non-Economic Damages The damage cap in Ohio is $250,000 or three times the amount of your economic damages (medical expenses, property damage, lost wages, etc.), whichever is greater, up to a maximum of $350,000 per plaintiff and $500,000 per incident.
Caps on Damages in Ohio: Noneconomic and Punitive Ohio limits what you can recover for noneconomic damages to the greater of (a) $250,000 or (b) three times your economic damages, which is subject to a maximum of $350,000 per person and $500,000 per accident.