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MO HB1356
Bill
Status
3/12/2015
Primary Sponsor
Kevin Corlew
Click for details
AI Summary
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Plaintiffs receive 50% of punitive damage awards up to the greater of $500,000 or five times the net judgment amount; the remaining portion goes to the Tort Victims' Compensation Fund
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Punitive damages exceeding the $500,000/five-times-net-judgment threshold are collected entirely by the state, with no attorney's fees or expenses deducted from that excess amount
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The allocation rules do not apply when the State of Missouri is the plaintiff or when the defendant pleads guilty to or is convicted of a felony arising from the conduct in the lawsuit
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Civil rights housing discrimination cases under sections 213.040, 213.045, 213.050, and 213.070 are exempt from these punitive damage allocation provisions
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26% of all deposits and interest in the Tort Victims' Compensation Fund are 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
Action Postponed (H)
4/7/2015