Special Issues on Compensatory Damages
This lesson will address the effect of time and taxes on compensatory damages; nominal damages in tort and contract cases; contractual limitations on damages; and remittitur and additur.
This video will discuss various topics concerning compensatory damages, including the effects of inflation and taxes on future damages; nominal damages; contractual limitations on damages; and remittitur and additur of damages awarded by juries.
I. Effects of Inflation and Taxes on Compensatory Damages
Plaintiffs sometimes seek future damages, such as lost long-term profits in a breach-of-contract case or lost...