3 ms·
That is why punitive damages are typically 10x. (S/P+C is roughly 10). In this case, it’d be a 10B fine, which is 33% of their current market cap. That seems
by hedora 3y ago
That is why punitive damages are typically 10x. (S/P+C is roughly 10).
In this case, it’d be a 10B fine, which is 33% of their current market cap. That seems about right. They make other stuff, so letting the company survive (but barely) probably maximizes societal utility moving forward.