Bartlit Beck Wins Appeal, Court Sets Aside $54 Million Verdict
SK Hand Tool v. Dresser
Phil Beck and Peter Bensinger took over this case for Dresser after it had lost a state court trial in Chicago in which the jury awarded plaintiffs $54 million on account of Dresser's fraud in the sale of a business ($4 million compensatory and $50 million punitive). The appellate court remanded for a new trial on compensatory damages. On remand, the jury awarded $1 in damages. The trial judge then remitted the $50 million punitive award down to $650,000.
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