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Although there is no maximum sum, punitive damages typically do not exceed four times the amount of compensatory damages. For example, if a plaintiff recovers $100,000 in compensatory damages and is awarded punitive damages, they most likely will receive up to $400,000 in punitive damages. There are exceptions, though.
Under NRS 42.005, punitive damage awards in Nevada have a cap of: $300,000 if the amount of compensatory damages awarded to you is less than $100,000, or. Three times the amount of compensatory damages awarded to you if the amount of compensatory damages is $100,000 or more.
Again, using California as an example, courts have generally found punitive damages greater than 15 percent of a defendant's net worth to be excessive.
Nevada law, however, employs a doctrine known as ?modified comparative negligence." This means that liability will be spread proportionately ing to a fault. However, if your negligence, as the claimant, is greater than the defendant's, then you are not entitled to recover any damages.
Nevada Pattern Jury Instruction 10.09 tells a jury how to award damages in a case of diminished value. The court instructs the jury that if repairs don't fully restore the value of the damaged property, the jury should award the victim the difference between fair market value and the value post repair.
Proximate Cause: The harm suffered by the plaintiff was a foreseeable result of the defendant's actions. Damages: The plaintiff incurred damages due to the defendant's breach.
Caps on punitive damages are especially prevalent for lawsuits involving medical malpractice, and state limits on medical malpractice awards range from $250,000 to $750,000 depending on the state. By contrast, the state of Maryland limits the amount of a punitive damage award only in medical malpractice cases.
Nevada Law limits the award to three times the amount of compensatory damages if compensatory damages are $100,000 or more. In cases where compensatory damages are less than $100,000, the jury can award up to $300,000 in punitive damages.