BIZWATCH

NEXT TIME TRY CANING

No issue divides consumers and executives more than jury awards of gazillions of dollars in punitive damages against companies for making faintly faulty products. Business was thus overjoyed last week when the Supreme Court for the first time struck down a punitive award as "excessive" and thus a violation of the constitutional requirement of due process of law. In a 5-to-4 ruling, the high court threw out a $2 million damage award to an Alabama man who bought a new $40,000 BMW 535i without knowing that it had a slightly spruced-up paint job. BMW said it spent...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!