In asbestos litigation, it is common for plaintiffs to demand punitive damages, alleging that the conduct of some or all of the defendants was so egregious that the defendants must pay exemplary damages. Unlike compensatory damages, the purpose of punitive damages is not to compensate the plaintiff but rather to punish a defendant for reckless and wanton acts and to discourage the defendant and others from acting in a similar way in the future.
While compensatory damages are rooted in actual expenses, the value of …
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