@tintin,
Quote:sorry, i could not get you.I am not clear with "punitive damages". can you please tell me a simple example for this to understand it...and also why lawsuits ?
I kinda thought as much, Tintin, that my explanation wasn't all that hot. Let me give it another whirl.
Let's say that you take a medication produced by XYZ Pharmaceuticals and because of a certain condition you have, example, high blood pressure, the drug affects you badly and you get very sick, suffer great pain, are unable to work and support your family, ... .
Now let's also say that XYZ knew, from tests, about how this drug would affect people like you but they hid the test results. You sue them and are awarded $50,000 for pain and suffering and loss of income. But in order to punish the company, you are also awarded punitive damages of $30 million.
The Japanese feel, as do many Americans, that if there is a chance for a big payoff, more people will file lawsuits.