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MO HB1166
Bill
Status
3/10/2015
Primary Sponsor
Kevin Austin
Click for details
AI Summary
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Amends Missouri law to change the state's share of punitive damage awards from 50% to any amount exceeding $500,000
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Plaintiffs may collect up to $500,000 from punitive damage judgments (after deducting attorney's fees and expenses), with the remainder going to the Tort Victims' Compensation Fund
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Plaintiffs receiving punitive damage judgments under $500,000 keep the entire amount minus attorney's fees and expenses
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Health care malpractice actions under chapter 538 remain exempt from these provisions
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26% of the Tort Victims' Compensation Fund continues to be transferred to the basic civil legal services fund
Legislative Description
Allows the state to collect from any punitive damage final judgment any amount in excess of $500,000 to be deposited into the Tort Victims' Compensation Fund
Last Action
Referred: Civil and Criminal Proceedings(H)
5/15/2015