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Jury: Hyundai Owes 240 Million USD in Punitive Damages

A US jury has ordered Hyundai to pay 240 million USD in punitive damages after finding that a manufacturing defect in a Hyundai vehicle caused a crash that killed two cousins in July 2011.
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By Associated Press

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1 mins read

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Published on May 15, 2014

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Highlights

    A US jury has ordered Hyundai to pay 240 million USD in punitive damages after finding that a manufacturing defect in a Hyundai vehicle caused a crash that killed two cousins in July 2011.

    Jurors in Montana had yesterday awarded actual damages of 1 million USD to each parent and 500,000 USD to each sibling of 19-year-old Trevor Olson and 14-year-old Tanner Olson, who died in the head-on crash. Jurors also ruled Trevor Olson's estate should receive 2.6 million USD for lost earnings.

    It is unclear if the punitive damages will stand. Montana has a 10 million USD cap on such damages, but that is being challenged after a District Court judge in Butte ruled it wasn't high enough to deter future wrongdoing by wealthy companies.

    A Hyundai spokesman said today that he would contact the company's legal department before commenting.

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    Last Updated on May 15, 2014

    # Hyundai# Hyundai USA# Auto Industry
    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

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