Let’s do some math. $1.5 bil in damages plus $50 mil in fines and remediation. Maybe another $200 mil in defense costs for the initial and appellate courts.
How much would it have cost to tie the impacted homes into the nearby reservoir and provide a public water supply? Maybe half that?
My guess is that the damage awards will not be sunk into repairing or replacing the source by the current homeowners. They’ll be off to Vegas in busloads.
Let’s do some math. $1.5 bil in damages plus $50 mil in fines and remediation. Maybe another $200 mil in defense costs for the initial and appellate courts.
How much would it have cost to tie the impacted homes into the nearby reservoir and provide a public water supply? Maybe half that?
My guess is that the damage awards will not be sunk into repairing or replacing the source by the current homeowners. They’ll be off to Vegas in busloads.
Isn’t there a ruling by the Supreme Court regarding excessive punitive damage awards?