July 28, 2013

Oregon jury awards $18.4 million in punitive damages against Equifax

The Oregonian reports that on Friday a federal jury in Oregon awarded $18.4 million in punitive damages and $180,000 compensatory damages to a woman who spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report. 

That's a ratio of about 102 to 1 between the punitive damages and the compensatory damages.  The Oregonian predicts that an appeal is likely.  Even more likely, the defendant will file posttrial motions asking the district court to reduce or vacate the award.