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Compensatory Damages Tax Avoidance

Mayer Brown

Kentucky Court Of Appeals Slashes Punitive Award Against Grant Thornton

Mayer Brown on

A couple of months ago, the Kentucky Court of Appeals in Grant Thornton LLP v. Yung cut a trial court’s award of punitive damages from $80 million to $20 million—reducing the punitive/compensatory ratio to 1:1....more

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