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Punitive damages are entirely unavailable under any circumstances in a few jurisdictions, including Nebraska, Puerto Rico, and Washington. The general rule is that punitive damages cannot be awarded for breach of contract, but if an independent tort is committed in a contractual setting, punitive damages can be awarded for the tort. [25]
The Willis Tower, originally and still commonly referred to as the Sears Tower, is a 110-story, 1,451-foot (442.3 m) skyscraper in the Loop community area of Chicago in Illinois, United States. Designed by architect Bruce Graham and engineer Fazlur Rahman Khan of Skidmore, Owings & Merrill (SOM), it opened in 1973 as the world's tallest ...
The Deutsche Bank Building, the Verizon Building, and 3 World Financial Center had impact damage from the towers' collapse, [97] as did 90 West Street. [98] One Liberty Plaza survived structurally intact but sustained surface damage including shattered windows. 30 West Broadway was damaged by the collapse of 7 World Trade Center. The Deutsche ...
March 9, 2020 - Willis Tower Watson announces an agreement to combine with Aon plc. The new company will be named Aon. The new company will be named Aon. Keeping or changing the name of the ...
The twin towers represented America's strength for decades. Now, a new tower stands in their place, proving America's resilience in the face of tragedy. One World Trade Center: 15 years of ...
Penal damages are liquidated damages which exceed reasonable compensatory damages, making them invalid under common law.While liquidated damage clauses set a pre-agreed value on the expected loss to one party if the other party were to breach the contract, penal damages go further and seek to penalise the breaching party beyond the reasonable losses from the breach. [1]
In a unanimous verdict, the jury found that Trump owed Carroll $7.3 million in compensatory damages, $11 million in order to repair her reputation and $65 million in punitive damages.
Philip Morris USA v. Williams, 549 U.S. 346 (2007), 556 U.S. 178 (2009), was a decision by the Supreme Court of the United States, which held that the due process clause of the Fourteenth Amendment limits punitive damages, and ordered a lower court to reconsider its damages awards on that basis.